Equifax credit bureau said the number of credit cards in Russia exceeded 50 million for the first time as of April. This has been reported DEA News”.
According to the organization, nearly 3 million credit cards were overdue by more than 90 days.
In April this year, the portfolio of credit cards of Russian banks updated their historical peaks. This figure increased by 1.05% to a record 1.4 trillion rubles.
“The growth in the volume of the credit card portfolio is explained by the peculiarity of the type of lending. Most of the time, the credit card holder uses the specified limit in minimum amounts or does not use the credit limit at all until there is an urgent need.”
It turned out that the default amount on credit cards increased by 1.9% to a maximum of 175.5 billion rubles.
Earlier it was known that the average credit card limit in Russia. went down It fell to the lowest level since July 2020.
Source: Gazeta
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.