The Central Bank of Russia published preliminary June 2025 banking sector figures indicating continued expansion in mortgage lending alongside a contraction in consumer credit, with household deposits rebounding and monthly profitability rising on a non-recurring factor. Households’ outstanding mortgages increased by 0.6% month on month after a 0.5% rise in May, with government-subsidised programmes still accounting for most disbursements. The consumer loan portfolio fell by 0.4% after near-zero dynamics in May, partly reflecting a halt in credit card debt growth. Banks’ claims on companies, including bond investments, rose by 0.9% (0.4% in May), mainly driven by ruble loans (+0.7%), a significant portion of which were issued to housing developers. Household deposits increased by 1.5% after 0.2% in May, while corporate deposits declined by 0.2% versus a 0.4% increase previously. The sector’s monthly profit (net of dividends from Russian subsidiary banks) totalled RUB 392 billion, about one-third higher than in May, with the increase largely attributed to a one-off release of provisions; year-to-date earnings were RUB 1.7 trillion, unchanged from the same period last year. Further detail is provided in the Central Bank of Russia’s information and analytical material Russian Banking Sector Development in June 2025.
Central Bank of Russia 2025-07-18
Central Bank of Russia reports June banking data showing continued mortgage growth and a one-off driven rise in sector profits
The Central Bank of Russia released preliminary June 2025 data showing growth in mortgage lending and a decline in consumer credit, with household deposits rebounding and monthly profitability rising due to a non-recurring factor. Mortgages increased by 0.6% month on month, while consumer loans fell by 0.4%. The sector's monthly profit reached RUB 392 billion, driven by a one-off release of provisions.