The Central Bank of Russia published its assessment of banking sector developments in July 2026, reporting that banks’ claims on corporates, including bonds, grew 1.5%, up from 0.4% in June. About one-third of the increase came from large state-owned companies, with borrowers across other sectors accounting for the remainder. The portfolio expanded 13.8% in annualized terms. Mortgage growth slowed to 0.4% from 1.0% after the government postponed tighter terms for the Family Mortgage program, while consumer lending remained rapid at 1.1%. Household deposits rose 0.3% and corporate deposits increased 0.6%. Banking sector profit climbed 18% from June to RUB 443 billion as corporate loan loss provisions declined, although negative revaluation of debt securities reduced the overall financial result to RUB 422 billion.
2026-08-24Central Bank of Russia
Central Bank of Russia reports faster corporate lending growth and RUB 443 billion in July bank profits
The Central Bank of Russia reported that corporate claims grew 1.5% in July, while mortgage growth slowed to 0.4% and consumer loans rose 1.1%. Banking sector profit increased 18% from June to RUB 443 billion, supported by lower corporate loan loss provisions.