The Central Bank of Russia published its February 2026 review of Russian banking sector developments, reporting a return to moderate growth in corporate lending while household mortgage expansion slowed markedly following changes to the Family Mortgage programme from 1 February 2026. Lending to companies (including bonds) rose 0.6% in February after a 0.4% decline in January, with growth constrained by significant budget payments and lower demand from enterprises fulfilling public procurement contracts. Outstanding mortgages increased 0.2% (January 0.9%), consumer lending contracted 0.7% (January +0.6%) mainly due to cash loans, and credit card utilisation also fell compared with January’s holiday-related spending. Household funds with banks grew 1.9% after a seasonal 1.4% drop in January, while corporate funds increased 2.7% (January 0.2%), largely reflecting the payment of some taxes due in February at the beginning of March. The sector’s revenue amounted to RUB 392 billion, broadly in line with January. Further breakdowns are set out in the accompanying information and analytical material, Russian Banking Sector Development in February 2026.
Central Bank of Russia 2026-03-25
Central Bank of Russia reports February banking sector data showing corporate lending up 0.6% and mortgage growth slowing to 0.2%
The Central Bank of Russia's February 2026 review indicates moderate growth in corporate lending, with a 0.6% rise following a January decline, while household mortgage expansion slowed significantly due to changes in the Family Mortgage programme. Consumer lending contracted by 0.7%, and credit card utilisation decreased compared to January. Household and corporate funds with banks increased by 1.9% and 2.7%, respectively, reflecting seasonal and tax-related factors.