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.
Source
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.
Source