The Central Bank of Russia published preliminary July 2025 banking-sector data indicating a modest pickup in corporate and mortgage lending, continued contraction in consumer lending, and broadly unchanged profitability. Households’ outstanding mortgage loans, including securitised exposures, increased by 0.7% in July versus 0.6% in June, while new mortgage lending rose by 15% month on month. Banks’ claims on companies, including bond investments, grew by 1.1% versus 0.9% in June, with around one-third of the increase linked to housing developers. The consumer loan portfolio declined by 0.5% after a 0.8% fall in June, with consumer loan rates still high but gradually easing. Household funds held with banks rose by 1.3% versus 1.5% in June, while legal entities’ funds increased by 1.4% versus a 0.2% decline, partly reflecting advance payments under government contracts; sector profit totalled RUB 397 billion, close to the June level of RUB 392 billion net of dividends from Russian subsidiary banks. Further detail is provided in the information and analytical material Russian Banking Sector Development in July 2025.
Central Bank of Russia 2025-08-26
Central Bank of Russia reports July rebound in corporate and mortgage lending and stable sector profit at RUB 397 billion
The Central Bank of Russia's preliminary July 2025 data shows a modest increase in corporate and mortgage lending, while consumer lending continues to contract. Mortgage loans rose by 0.7%, and new mortgage lending increased by 15% month on month. Sector profit remained stable at RUB 397 billion, with household and legal entity funds showing slight growth.