VTB predicts a slowdown in the growth rate of retail loans in Russia in the fourth quarter of 2023, against the background of an increase in the key rate of the Central Bank. Deputy Chairman of the Bank, Georgy Gorshkov, “Russia is Calling!” He told reporters about this on the sidelines of the investment forum. TASS.
According to VTB’s forecast, retail loan issuance in the fourth quarter will decrease by 16% compared to the third quarter and reach 4.1 trillion rubles. “This trend will continue despite the tightening of monetary policy,” Gorshkov said.
In general, according to the bank’s forecasts, by the end of 2023, personal loan sales in Russia will increase by 57%, excluding POS loans, and exceed 16 trillion rubles. According to VTB data, in 11 months of this year, Russians have already given loans worth 14.8 trillion rubles (+65%). The bank distributed 2.5 trillion rubles to citizens; This figure is 1.6 times higher than a year ago.
A VTB representative noted that the main contribution to market growth was made by mortgages and auto loans. However, he stated that the high performance was achieved largely thanks to the first three quarters.
It happened before that knownIt is said that there are more potential bankruptcies in Russia.
Previously Sberbank registered The slowdown in consumer loans continued in November.