“Personal lending has set a new record this month,” Sberbank President Herman Gref said in a statement Explanation quoted on the results of the first half of the year. In June, loans to private households rose by 2.6 percent to 135.8 billion euros year-to-date by 12.4 percent.
Almost 7.23 billion euros were awarded to private customers during the month. This is the highest level in Sber’s history, the bank said. The “main engine” remains the mortgage – the growth of the housing loan portfolio accelerated to 2.8% on the month and the portfolio itself topped 85.3 billion euros (up 14 percent year-to-date). Other types of credit are also growing rapidly: consumer credit rose 2 percent in June to approximately €3.21 billion in disbursements).
Bank Sber is the country’s largest lender and made large profits from the loans. In June she earned another 1.86 billion euros, in the first half of the year it was 9.6 billion euros. Net profit was 1.4 and 7.3 billion euros respectively.
In parallel with the record earnings of Sbers, Russia has recorded a new negative record in the number of private bankruptcies. In the first six months of 2023, Russian courts declared nearly 163,000 people bankrupt, according to federal data Agency for Resources emerges. This is a third more than in the same period last year, twice as many as in the first half of 2021 and more than three times as many personal bankruptcies as in 2020. The increase in the number of insolvent citizens is against the background of their high debt and rising prices for almost to see everything.
According to Fedresurs, as of July 1 of this year, there were 987,000 people in debt in Russia. In 2023, 162,900 people were declared bankrupt. For comparison: in 2022, for the same six months, this number was 121,300, for January to June 2021 it was 88,000 and for the first half of 2020 it was about 42,700 cases.
Experts interviewed by the Izvestia newspaper forecast, that the number of personal bankruptcies in Russia will continue to increase by 30 to 40 percent per year, which can only be prevented by overburdening the courts and bankruptcy administrators. According to experts, around nine million borrowers are currently having payment difficulties. Overall, the Russians’ ability to pay is “at a stable level” and the current situation has not given the experts any serious cause for concern.
[hrsg/russland.NEWS]
2023-07-13 01:53:52
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