The outlook on growth of lending for 2026 has been downgraded to 7-12% from 8-13% in the retail segment
The Bank of Russia has upgraded its outlook on growth of retail and corporate lending for 2024, keeping mortgage lending outlook intact, according to the regulator’s updated mid-term forecast.
In particular, the outlook on growth of lending for 2024 has been upgraded to 10-15% from 8-13% in the corporate segment and to 10-15% from 7-12% in the retail segment. The outlook on mortgage lending growth for this year has been maintained at 7-12%.
Meanwhile, the outlook on growth of retail lending for 2025 has been downgraded to 6-11% from 7-12%. The outlook on growth of corporate lending for 2025 remained intact at 7-12%. The regulator also downgraded the outlook on growth of mortgage lending in Russia for 2025 to 8-13% from 10-15%.
The outlook on growth of lending for 2026 has been downgraded to 7-12% from 8-13% in the retail segment and to 7-12% from 8-13% in the corporate segment. The Central Bank also left its outlook on mortgage lending growth for 2026 at 10-15%.
The Bank of Russia also projects 8-13% growth of corporate lending, 8-13% growth of retail lending and 10-15% growth of mortgage lending in 2027.
Source: RT
