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Russians are taking a record number of loans for the third month in a row
In Russia, banks provided 1,82 non-targeted consumer loans to citizens in August 2021 alone. This is a record figure for the entire history of observations since 1991.
As they write "Ведомости”, The study was conducted in the United Credit Bureau (OKB), which has data on 97% of the country's borrowers. The record was first broken in June. Then they provided 1,67 million loans. In July, the number of loans continued to grow and amounted to 1,69 million loans.
On an annualized basis, the volume of cash loans issued increased by more than 28% in August 2021. As the director of the OKB Artur Aleksandrovich notes, in August, loans are always taken more than in July, due to the vacation season, preparation for the academic year. In total, from January to August, 12,5 million consumer loans were issued in Russia, which is 40% more than the same period last year.