In April, the amount of funds provided to companies by banks saw an increase of 1.1%, compared to a 0.7% rise in March. This growth was mainly driven by corporate loans, which increased by 0.9%. These dynamics were similar to those observed in March.
Households’ outstanding mortgage loans rose by 0.4%, up from a 0.2% increase in March. The 13% rise in new mortgages was largely attributed to government-subsidized programs, particularly the Family Mortgage initiative. Meanwhile, the consumer loan portfolio continued its contraction, decreasing by 0.7% in April compared to a 0.2% decline in March, primarily within the cash loan segment.
Funds held by companies declined moderately by 0.7%, an improvement from a decrease of 2.8% in March, partly due to large tax payments during this period. In contrast, household funds saw a notable increase of 2.8% in April, compared to a rise of only 0.8% in March; this was associated with the indexation of social allowances and earlier payment of child benefits and pensions.
The sector’s profit totaled ₽261 billion for the month, while aggregate financial performance amounted to ₽245 billion—a slightly lower figure due to negative revaluation of securities recognized directly in equity.
Further details can be found in the information and analytical material titled “Russian Banking Sector Development in April 2025.”
