Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Bank lending to companies (including bonds) increased by 1.9% in November (2.5% in October), with large government and commercial organizations accounting for about a third of the increase. Companies continued to demonstrate increased demand for loans amid a gradual recovery in economic activity amid monetary easing.
Household mortgage debt increased by 1.4% in November, following a 1.2% increase in October. High growth at the end of the year is typical for the mortgage segment. Moreover, government-backed loans accounted for approximately 80% of all issued loans.
According to preliminary data, the consumer loan portfolio continued to shrink (-0.7% after -0.4% in October), mainly in the cash loan segment.
The growth of client funds slowed slightly in November, to 1.2% (1.6% in October). The volume of household funds remained virtually unchanged after a significant increase in October (1.6%), partly due to the advance payment of November social benefits. The growth of corporate funds accelerated to 2.6% (1.7% in October), driven by deposits into ruble accounts, including those of oil and gas companies.
The sector's net profit for November amounted to 394 billion rubles (310 billion rubles the previous month), with this growth driven primarily by non-core revenues. Balance sheet capital increased by 421 billion rubles, exceeding earned profit due to the positive revaluation of securities, which is reflected directly in equity.
For more details, read the information and analytical material "On the development of the banking sector of the Russian Federation in November 2025".
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