In July 2025, Russian banks provided loans to the population for 917.2 billion rubles, according to data from the consulting company Frank RG (RBC has it). The volume of disbursements recovered to the values of October 2024, after which the retail market began to contract sharply due to the Central Bank’s rate hike. Compared to June, the amount of loans approved to Russians increased by 17.5%. If seasonal adjustments are not taken into account, such a sharp increase in lending was observed only in March last year. The number of loans issued in July increased by 8.5% to 2.6 million contracts, but this is still not comparable with the market indicators before the cooling (3-5 million new contracts per month).

All key segments of retail lending showed an increase.:

In July, Russians received 1.86 million cash loans worth 344.7 billion rubles, which is 23% more in monetary terms and 14% more in quantitative terms than a month earlier. Unsecured retail has shown double-digit growth rates for the second month in a row, but disbursements are still far from the average values of the first half of 2024 (about 570 billion rubles of new loans per month). The average bill has also increased for the second month in a row and has already returned to the level of July last year (185.4 thousand rubles).
Banks have approved 72.2 thousand (+16% by June) mortgage loans to the population for 353.6 billion rubles (+15%). The volume of loans provided also increased in annual terms — by a symbolic 1%. In July 2024, mortgage issuance in Russia began to adjust significantly after the curtailment and changes in the terms of key preferential programs.
Car loans increased by 19% in monetary terms in July, to RUB 157.3 billion. For the first time since October last year, the number of new car loans exceeded 100,000.
A decrease in supply was observed in the segment of POS loans for the purchase of goods (the volume of new loans fell by 6%, to 22.6 billion rubles) and in cash loans secured by a car (-18%, to 13.2 billion rubles). Another niche segment, cash loans secured by real estate, showed a 19% increase in transaction volume, to RUB 25.7 billion.

The revival of retail lending in Russia has been observed for the second month in a row. In June, the amount of disbursements increased by 11.4%, to 780.7 billion rubles. At the same time, the Bank of Russia began a key rate reduction cycle. Since then, the figure has dropped from 21% to 18%.

Market participants assumed that easing monetary policy would lead to lower interest rates for borrowers. At the same time, according to the Financial Services project of the Moscow Stock Exchange, the index of consumer loan rates in the top 20 banks for June-July did not actually decrease: on May 29, it was 31.35%, and on July 31, it was 31.73% per annum. Market mortgage rates in the top 20 banks have lost about 3.5 percentage points over the same period and now stand at 23.05%, according to Dom.RF data.

(www.rbc.ru)