Borrowers who took out mortgages in 2025 have shown fewer delinquencies compared to those who received mortgages in 2024, according to an analysis by credit history bureaus released on May 8. The improvement is linked to banks adopting a more cautious approach when assessing borrowers’ creditworthiness, which follows measures introduced by the Bank of Russia and issues that arose with mortgages granted during 2023–2024.
The trend is significant as it reflects how regulatory steps and lending practices may influence financial stability. The report also notes a shift in the age profile of mortgage recipients, with banks increasingly granting loans to borrowers expected to be aged between 70 and 75 at their planned repayment date. In the second half of 2025, about one-fifth of new mortgage loans went to this age group, while those projected to be over age 60 at loan maturity made up approximately two-thirds of new borrowers.
A large portion of mortgages issued in 2025 were under the Family Mortgage programme, accounting for about 560,000 people or nearly sixty percent of all mortgagors. Many participants were not first-time homebuyers but sought improved housing conditions; around one-third had previously taken out a loan. Additionally, some individuals are repaying two mortgages simultaneously—about seventy-one thousand people—which increases their overall debt burden. Measures from the Bank of Russia designed to limit borrower indebtedness are aimed at reducing delinquency risks among such groups.
Analysis by credit history bureaus shows that the number of mortgagors remained stable throughout last year at ten million people. Meanwhile, car loan uptake increased above three million for the first time as unsecured consumer loan demand declined. By late-2025, total bank and microfinance organization borrowers fell by about one million since early-2024—a level not seen since early-2024—with notable decreases among both bank-only borrowers and microloan holders.
According to several facts from the official website, the Bank of Russia manages national cash circulation totaling over eighteen trillion rubles as its sole issuer authority; operates independently with federal property; aims for financial stability; publishes public reports; and is led by a governor supported by deputy governors and specialized departments.
