Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Bank lending to companies (including bonds) decreased by 0.4% in January (0.5% in December). This situation is generally typical for the beginning of the year – the decline in loan demand is largely due to the increase in budget revenues from government contracts in December and January.
Household mortgage debt increased by 0.9% (2.4% in December), a strong result for the start of the year. This trend is partly explained by the tightening of the Family Mortgage terms effective February 1, 2026. The consumer loan portfolio increased by 0.9% (-0.7% in December), which may be related to significant spending during the New Year holidays.
Household bank balances traditionally declined in January (-1.4%) after a significant increase in December (5.6%). This happens every year: bonuses and bonuses are paid in December, and people withdraw some funds from their accounts and generally spend heavily during the long holidays. Corporate balances continued to grow moderately in January (0.2% after 0.7% in December).
The banking sector's profit amounted to 394 billion rubles, higher than December's 176 billion rubles, which saw a seasonal peak in advertising and personnel spending, as well as large reserve contributions. However, due to the negative revaluation of securities included in capital, the sector's overall financial result was slightly lower, at 357 billion rubles.
For more details, read the information and analytical material "On the development of the banking sector of the Russian Federation in January 2026".
Preview photo: Oleg Elkov / TASS
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.