Retail lending in Russia surges 26% year-to-date

12:57; 07 July 2026 year

### Retail Credit Issuance in Russia Surges by 26% in First Half of 2026 In the first half of 2026, retail credit issuance in Russia exceeded 5.63 trillion rubles ($65 billion), marking a 26% increase compared to the same period in 2025, according to data from Frank RG cited by [Kommersant](https://www.kommersant.ru/doc/8797915?max), a leading Russian business newspaper. In June alone, retail credit issuance reached 1.2 trillion rubles ($14 billion), up 17% from May. ### Mortgage Loans Drive Growth The growth was primarily driven by mortgage loans, with June issuance reaching 475 billion rubles ($5.5 billion), a 47% increase month-on-month and 55% year-on-year. ### Cash Loans and Auto Loans Also Increase Cash loans issued since the beginning of the year exceeded 2.4 trillion rubles ($28 billion), 1.7 times higher than the same period in 2025. In June, cash loans amounted to 494 billion rubles ($5.7 billion), with a 3% increase from May. The average loan amount grew by 6% to 205,000 rubles ($2,400). Auto loans for the first half of the year totaled 895 billion rubles ($10.5 billion), 1.4 times higher than the previous year. In June, 113,000 auto loans were issued for a total of 175.3 billion rubles ($2 billion), representing a 1% increase in both volume and number of loans compared to May. ### Decline in Point-of-Sale Loans Point-of-sale (POS) loans in the first half of 2026 amounted to 125 billion rubles ($1.5 billion), a 4% decrease year-on-year. However, June saw an 11% increase in POS loan issuance, reaching 22 billion rubles ($260 million).

Investment

Events

Niches and markets

Technologies and trends

Development infrastructure