Russian banks increased credit card limits in February. The increase was the first since the decline. writes about this RBC with reference to data from the credit history bureau “Scoring Bureau”.
The average limit of new credit cards last month increased to 96.6 thousand rubles (+3.4%). Before this, the figure had fallen for four consecutive months.
At the same time, credit card issuances also increased. In February, Russians issued 2.08 million credit cards with a total limit of 200.8 billion rubles. The volume of issued funds exceeded the figure for the same period last year by 20%.
Analysts explain that this dynamic is associated with a large number of holidays in February and March. In addition, banks have started to offer interest-free credit cards to their customers with longer maturity periods, contributing to the increase in demand for the product.
Consumer loan disbursements also accelerated last month. Credit volume increased by 22.9% monthly and reached 498.9 billion rubles.
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