The Central Bank of Russia published its November 2025 snapshot of Russian banking sector developments, showing continued expansion in corporate lending and mortgages alongside a further contraction in consumer lending, and a rise in sector profitability. Corporate lending to companies (including bonds) increased by 1.9% in November (down from 2.5% in October), with around a third of the increase attributed to large state-owned and trade companies; the Bank linked elevated demand to a gradual recovery in economic activity amid easing monetary policy. Outstanding mortgages grew by 1.4% (up from 1.2%), with government-subsidised mortgages accounting for about 80% of disbursements. By contrast, the consumer loan portfolio continued to shrink on preliminary data, falling 0.7% (from a 0.4% decline), mainly due to cash loans. Client funds rose 1.2% (from 1.6%), with household funds broadly unchanged after an October increase partly associated with advance payment of November social benefits, while corporate funds accelerated to 2.6% (from 1.7%) due to rouble deposits including those of oil and gas companies. The sector’s net profit rose to RUB 394 billion (from RUB 310 billion), primarily driven by non-operating income, and balance sheet capital increased by RUB 421 billion.
Central Bank of Russia 2025-12-24
Central Bank of Russia reports November banking sector data with corporate credit up 1.9% and net profit at RUB 394 billion
The Central Bank of Russia's November 2025 report highlights growth in corporate lending and mortgages, with a 1.9% increase in corporate lending and a 1.4% rise in mortgages, driven by state-owned and trade companies. Consumer lending contracted by 0.7%, due to a decline in cash loans. The banking sector's net profit increased to RUB 394 billion, supported by non-operating income, while balance sheet capital rose by RUB 421 billion.