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Bank Lending in January-September 2018: Promotion of the Economic Growth

Michael Khromov – Head of Department for Financial Studies of the Gaidar Institute; Senior Research fellow of the Center of Structural Research, Institute for Applied Economic Studies, Russian Presidential Academy of National Economy and Public Administration. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In 2018, the dynamic development of bank lending took place in all the main segments of the money market. Nominal indices of the debt and lending have attained the new maximum. A positive net contribution of bank lending to households’ disposable cash resources was feasible on the back of reduction of interest rates and extension of more loans.

Key words: Russian banking sector, retail bank lending, housing loans, consumer loans, credit interest rates.