Published on: 2026-08-24
Source: Central Bank of Russia – Central Bank of Russia –
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Bank lending to legal entities (including bonds) increased by 1.5% (+0.4% in June), about one-third of the growth was provided by the largest state-owned companies, the rest was distributed among borrowers from various sectors. On an annual basis, the portfolio grew by 13.8% (+13.7% a month earlier).
Preliminary data indicate that the growth of household mortgage debt has somewhat slowed down (to +0.4% compared to +1.0% in June): the market cooled after the deadlines for tightening the conditions of the “Family Mortgage” were postponed. The annual growth rate was +10.7% (+11.0% the previous month). The consumer loan portfolio continued to grow actively (+1.1% after +1.3% in June), including in the cash loan segment. Year-on-year, the portfolio increased by 2.5% (in June +1.0%).
Household funds in banks increased moderately by 0.3%, the same as in June. The restrained dynamics can be explained by a revival in consumer activity and sustained demand for cash. Corporate funds rose by 0.6% after nearly zero growth in June.
The banking sector’s profit amounted to 443 billion rubles (+18% as of June): the growth was due to a reduction in allocations to reserves for corporate loans. The total financial result was slightly lower – 422 billion rubles – due to a negative revaluation of debt securities reflected in equity.
Read in more detail in the informational and analytical material “On the development of the banking sector of the Russian Federation in July 2026”.
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