OREANDA-NEWS   The number of consumer loans issued in November 2024 amounted to 1.7 million, decreasing month-on-month by 21 percent compared to October's 2.15 million. This is reported by TASS with reference to data from the National Bureau of Credit Histories (NBKI).

At the same time, the NBKI notes that during the autumn, the issuance of consumer loans decreased by almost one and a half times (by 49.3 percent), and compared with the beginning of the year, the indicator decreased by about 40 percent.

The volume of loans issued decreased even more sharply in November compared to the previous month than their number, losing a third. The decrease from October's 344.3 billion rubles exceeded 115 billion.

Earlier, the NBKI also noted that the average amount of consumer credit in Russia decreased in October for the fourth month in a row, amounting to the minimum since the beginning of the year of 152.3 thousand rubles.

"In recent months, it has become obvious that the regulator's tight monetary policy has led to a fairly high rate of cooling of the unsecured lending market," commented Alexey Volkov, NBKI Marketing Director, on the statistics.

On the eve of autumn, the Bank of Russia actually announced new measures designed to cool lending in the overheated Russian economy. In particular, since October 1, he has tightened restrictions on issuing consumer loans to borrowers with high debt loads, who with a new loan will spend more than half of their income on debts.