Consumer Lending in January-October 2017

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.

Recovery of consumer lending has facilitated growth in expenditures on ultimate consumption and brought about stability of households’ savings amid the ongoing decline of real incomes. However, in the long-term prospect this situation will put at risk both the financial stability of households and the resource base of the banking sector. 

Key words: Russian banking sector, consumer lending, people’s wellbeing.