Bank Loan Remains the Main Tool to Maintain Households’ Spending

Michael Yu. Khromov – Head of Department for Financial Studies of the Gaidar Institute; Senior Researcher of the Presidential Academy of National Economy and Public Administration (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Households’ bank savings at the turn of 2019 have demonstrated better performance than a year earlier. The largest share of deposits unlike last year was denominated in foreign currency. In the meantime, brisk recovery of the bank lending on the retail side is ongoing. This strengthens the credit model of the households’ financial behavior.

Key words: Russian banking sector, bank deposits, bank loans, households.