Translation. Region: Russian Federation –
Source: Central Bank of Russia
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Bank lending to companies (including bonds) increased by 5% in the fourth quarter of 2025, with loans taken out by companies across a wide range of industries. This figure increased by 11.8% for the year, and the forecast for 2026 remains in the 7–12% range: this trend is expected to be balanced amid a gradual easing of interest rates.
The growth of household mortgage debt accelerated to 5% in the quarter, primarily due to borrowers seeking preferential loans before the tightening of Family Mortgage terms in February 2026. The annual growth of mortgages on banks' balance sheets amounted to approximately 11%, and the forecast for 2026 remained in the range of 6–11%, taking into account the reduction in preferential lending volumes following the change in terms.
The consumer loan portfolio decreased by 1.4% in the fourth quarter and by 4.6% for the year as a whole. The consumer loan market is expected to revive in 2026, with the portfolio potentially growing by 4–9%.
Client funds increased by 11.9% year-over-year. Growth may slow to 5-10% in 2026, as investors are likely to be more interested in securities, which offer higher yields than deposit rates.
In 2025, banks earned 3.5 trillion rubles, and in 2026, profits are expected to be 3.3–3.8 trillion rubles, while maintaining increased deductions to reserves for corporate loans.
More detailed information is provided in the quarterly review. Banking sector.
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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.