Data from credit history bureaus (CHB) indicate an increase in lending to borrowers under 35 years old by 8 percentage points across all lending segments.
Credit cards have seen a notable rise in popularity. As of July 1, 2024, the number of credit card users increased by 5.2 million or 22% over the year. The issuance of credit cards to individuals under 20 has also grown.
Car loans have surged by 44% among individuals, primarily those over 35 years old, exceeding two million for the first time during this period.
Conversely, there has been a decrease of 0.5 million in the number of borrowers with cash loans.
To make mortgage loans more accessible, banks are extending repayment periods and issuing loans for durations between 25 and 31 years more frequently. Consequently, nearly half of the mortgage loans issued in the first half of 2024 were granted to borrowers who would be over 65 at the maturity date.
Further details can be found in the information and analytical commentary titled "Analysis of Retail Lending Trends Based on Credit History Bureaus’ Data for H1 2024."