The Central Bank of Russia has published an analytical commentary based on credit history bureau data showing that borrowers who took out mortgages in 2025 have fewer delinquencies than those who borrowed in 2024. It links this to banks applying more cautious creditworthiness assessments after the Bank’s measures and problems in mortgage portfolios originated in 2023 and 2024, while also pointing to a changing composition of new mortgage lending. During 2025 H2, about one-fifth of newly issued mortgages went to borrowers who will be aged 70 to 75 at the planned repayment date, and 65% went to borrowers who will be over 60 by that point. Family Mortgage loans were issued to 560,000 people, equal to 59% of all mortgagors, with 216,000 of those borrowers already having had a mortgage before and 71,000 repaying two mortgages at the same time. The commentary says the number of mortgagors stayed stable at 10 million over the year, the number of car loan borrowers exceeded three million for the first time at the beginning of 2026, and demand for unsecured consumer loans declined. Across banks and microfinance organisations, the total number of borrowers fell by 1.1 million to 48.5 million, the lowest level since 2024 Q1. The sharpest decline was among borrowers with only bank loans, down 0.9 million, while the number of borrowers with microloans fell by 0.2 million for the first time in the data since 2022. Borrowers with three or more loans decreased by 0.6 million as highly indebted individuals reduced their debt burden, although they still account for 47% of total debt.

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