In July, banks issued more than 1.5 trillion rubles. retail loans

In July, banks set a new record for issuing retail loans. The volume exceeded 1.5 trillion rubles, which is 1.8 times higher than a year ago. At the same time, the highest growth rates and record values ​​are demonstrated by the segments of car loans and POS-lending against the backdrop of pent-up customer demand. At the same time, the cash loans segment is stagnating, including in the face of tough measures taken by the Bank of Russia to curb the growth of unsecured lending.

According to the results of July 2023, banks issued loans to individuals with a record volume of loans for a total of 1.53 trillion rubles, follows from Frank RG express monitoring data. This result is 4.65% higher than in June, and 1.8 times the result of a year ago.

The highest growth rates were shown by the segments of car loans and POS-lending.

At the end of the reporting period, banks issued 113.6 thousand car loans to citizens in the amount of 165 billion rubles. This is 37% and 30% more than in June this year. At the same time, the auto lending segment updates record results since April of this year. The segment is growing against the backdrop of the implementation of pent-up demand, the fears of the population of a further increase in the cost of cars and filling the market with Chinese models (see Kommersant dated July 4 And dated July 31).

In the POS-lending segment, the volume of disbursements for the month reached 41.5 billion rubles, which is 10.5% more than in June of this year. In quantitative terms, the indicator increased by 4.65% to 1.23 million loans. This happened against the backdrop of an increase in the average loan size, which reached 33.7 thousand rubles. Such results in the segment are quite expected against the backdrop of rising prices for consumer goods, including household appliances.

At the same time, the volume of cash loans issued actually remained at the level of the previous month – 665.4 billion rubles. (growth by symbolic 0.22%). In quantitative terms, the issuance even decreased by 2.2%, to 3.1 million.

The volume of issuance barely exceeded the level of September 2021, despite the fact that cumulative inflation since then has amounted to about 15%, said Ivan Uklein, director of banking ratings at the Expert RA agency. “Growth in volumes while reducing the number of loans issued is a natural situation when banks rely on reliable and proven borrowers, preferring not to increase lending risks “from the street”, but increasing confidence in existing customers with a history of servicing at the bank,” the expert says.

The growth of consumer lending is a process, on the one hand, supported by high risk appetite of banks, on the other hand, by increasing consumer activity. Taking into account these factors, it can be expected that the prospects for further growth of portfolios are quite broad, expects Valery Piven, head of the financial institutions rating group at ACRA. However, the Bank of Russia is taking measures to curb the growth of the debt burden of the population. With this in mind, we can expect lower growth rates in the segment of unsecured lending. As for the expected increase in the key rate, its negative impact may affect mortgages, Mr. Piven points out, while in other segments the impact is less significant.

Polina Trifonova