Banks in Russia saw a further increase in corporate lending during August, with claims on companies, including bond investments, rising by 1.3%. This follows a 1.1% growth in July. The main driver of this expansion was ruble-denominated corporate loans.
Mortgage lending also grew at a slightly faster pace, up by 0.9% compared to 0.7% the previous month. There was a 10% increase in the total amount of mortgages issued, reflecting higher activity not only in subsidized loans but also in market-based lending as loan rates declined.
Consumer loan portfolios remained largely unchanged after experiencing a contraction of 0.5% in July.
Household funds deposited with banks increased marginally by 0.1%, down from a 1.3% rise seen previously. This slower growth may be linked to seasonal spending related to holidays and back-to-school expenses. In contrast, corporate deposits rose more significantly by 2.4%, compared to a 1.4% gain in July.
The net profit for the banking sector, excluding dividends from Russian subsidiary banks, nearly halved between July and August—from ₽397 billion to ₽203 billion.
More detailed information can be found in the report “Russian Banking Sector Development in August 2025.”
