Corporate lending in March experienced an upswing, growing at a rate of 0.9%, up from a modest 0.1% in February. This increase is attributed to businesses taking out loans for tax payments, among other reasons.
Household outstanding mortgage loans saw a 0.2% rise compared to February’s 0.1%. The growth in new loans was significant at 13%, primarily driven by loans issued under government-subsidized programs. Meanwhile, the consumer loan portfolio continued to decrease by 0.3%, although at a slower pace than the previous month’s 0.9%.
Corporate funds deposited in banks fell by 2.8%, following a modest growth of 0.1% in February. The main outflow of these funds was recorded in the last ten days of March, driven by tax payments. The rate of household fund inflow also slowed, rising by 0.8%.
The sector’s profit reached ₽244 billion, showing a 14% increase over the previous month.
For more insights, refer to the information and analytical material titled “Russian Banking Sector Development in March 2025.”
Preview photo: Kirill Kukhmar / TASS
