The Central Bank of Russia published an update on Russian banking sector developments in October 2025, showing faster growth in corporate lending and household mortgages, a continued contraction in consumer lending, and lower sector profitability. Corporate lending to companies (including bonds) accelerated to 2.5% in October from 0.7% in September, driven mainly by ruble-denominated corporate loans and typically higher end-of-year financing demand. Outstanding household mortgages grew 1.2% (up from 0.8%), with disbursements rising in both subsidised and market segments; the share of government-subsidised mortgages edged down but remained around 75%. Preliminary data showed consumer lending shrinking 0.4% for a second consecutive month, mainly in cash loans. Clients’ funds growth increased to 1.6% from 0.6%, with about half of the increase coming from individuals’ funds, while banking sector net profit fell to RUB 310 billion from RUB 367 billion, predominantly due to foreign-currency revaluation.
Central Bank of Russia 2025-11-26
Central Bank of Russia reports October acceleration in corporate and mortgage lending as consumer credit declines
The Central Bank of Russia reported accelerated growth in corporate lending and household mortgages in October 2025, while consumer lending continued to contract. Corporate lending rose to 2.5%, driven by ruble-denominated loans, and household mortgages increased by 1.2%, with government-subsidised mortgages maintaining a 75% share. Banking sector net profit declined to RUB 310 billion, primarily due to foreign-currency revaluation.