According to preliminary data, household mortgages increased by 0.6% in June, following a 0.5% rise in May. Government-subsidized programs continue to account for the majority of disbursements.
The consumer loan portfolio contracted by 0.4%, after near-zero dynamics in May, partly due to a halt in credit card debt growth.
In June, banks’ claims on companies, including investments in bonds, rose by 0.9% compared to a 0.4% increase in May. The rise was mainly driven by ruble loans (up 0.7%), with a significant portion issued to housing developers.
Household deposits with banks saw a notable upturn of 1.5%, following seasonally weak dynamics in May at 0.2%. In contrast, corporate deposits decreased by 0.2% in June compared to a 0.4% increase the previous month.
The sector’s monthly profit (net of dividends from Russian subsidiary banks) totaled ₽392 billion, marking a one-third rise compared to May. However, this growth was largely associated with a one-off release of provisions and is not indicative of ongoing trends. Banks’ year-to-date earnings amounted to ₽1.7 trillion, showing no change compared with the same period last year.
More details are available in the information and analytical material Russian Banking Sector Development in June 2025.
