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The Revival of Consumer Lending is Noticed In Russia
January 24, 2018 23:52


The revival of consumer lending in Russia led to the sharp increase in the issuance of credit cards - in 2017, Russians received 1.5 times more credit cards than a year earlier.

The issuance of credit cards was growing during last two years after the fall in 2015. In 2016 it increased by 15 percent, the newspaper notes. The increase in the number of issued loans almost does not affect the growth of the portfolio and interest income of banks.

More and more customers have learned to use credit cards so that they do not pay interest to banks, experts say. The largest increase in the issuance of cards with a maximum limit is from 100 thousand rubles. Cards with a limit of up to 20 thousand rubles showed an increase in issuance by 10 percent, from 20 thousand to 100 thousand rubles - by 47 percent.

Author: Anna Dorozhkina


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