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Cash loans decreased in Russia

Cash loans decreased in Russia

In June of this year, banks issued more cash loans than in May. However, even this positive dynamics does not reach the level of the previous year. In June 2019, cash loans were issued 24% more in number and 17% in volume.

According to the United Credit Bureau (OKB), the total amount of cash loans issued in June amounted to 328 billion rubles. In total, more than one million loans were issued, which is 27% more than in May 2020. 

According to the general director of the Design Bureau Arthur Alexandrovich, in the first half of the year, two trillion cash loans were issued, which is 11% less than in the first half of 2019. The credit market is recovering at the expense of the regions and the Moscow region.

Among the Far Eastern regions, Primorsky Krai is the leader in terms of the volume of cash loans. There they issued non-targeted loans in the amount of 4,7 billion rubles, which is 25% more than in May. The Khabarovsk Territory is next in terms of volume, where 3,6 billion of loans were issued, which is 29% higher than in the previous month. Yakutia closes the top three in the Far Eastern Federal District, where loans for 3,3 billion rubles were issued in a month. This is 37% higher than a month earlier.

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