Consumer loans growth rate expected to slow down — Central Bank

The incremental growth rate of the consumer loans portfolio can be 7-12% in 2024, the regulator noted.
The Bank of Russia has lowered the forecast for consumer lending growth in 2025 from 6-11% to 4-9%, the regulator informed.
The incremental growth rate of the consumer loans portfolio can be 7-12% in 2024, the Central Bank noted. The regulator forecast earlier that consumer loans will grow within 3-8%.
"In 2024, we expect a gradual cooldown of the consumer lending market against 2023 because of the tough macroprudential regulation and the high cost of loans," the Bank of Russia informed.





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