Russian banks have sharply reduced the size of approved loans

12:53; 24 December 2024 year

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As of early December, cash loans reached their lowest level in the last five years. This is reported by "Kommersant"/a> with reference to data from the United Credit Bureau (OKB).

The weighted average interest rates on cash loans have also increased to a maximum in five years - 30.4% per annum and the full cost of the loan - up to 31.7% per annum. The average loan term has been reduced to 24 months, the lowest since 2019.

It was noted that in November, banks moved to sharply reduce the size of approved loans. This figure decreased to 140 thousand rubles, while a month earlier it averaged 172 thousand rubles, and in the second quarter of 2024 it was at the level of 200 thousand rubles.

In early December, the indicator dropped even lower, to 101 thousand rubles, a 2.5-fold decrease in annual terms. Experts believe that in this way banks are trying to reduce their credit risks.

As the Central Bank previously reported, lending in Russia is strong замедлилось in November, which means that the high rate is working.

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