The Crimean credit portfolio has increased by almost a third in a year

The main contribution to the increase was made by mortgages. The loan portfolio in this segment at the beginning of the third quarter amounted to 80.5 billion rubles. In annual terms, it increased by almost 46%. Citizens’ liabilities on consumer loans did not grow as much over the year — by 18.6%, and reached 71 billion rubles as of July 1, 2024.

From January to June of this year, Crimeans were more active in applying for mortgages than a year ago. The increased demand for it during this period is largely due to expectations of the end of state-supported programs in July and changes in the terms of family mortgages. As a result, in the first six months of this year, banks issued mortgage loans worth more than 17 billion rubles. This is almost 1.5 times more than the figure for the same period in 2023, – explains the head of the Bank of Russia branch in the Republic of Crimea, Igor Tsvetkov.

The demand for deposits in the region has also increased compared to last year. First of all, this is due to the increase in interest rates on them. According to data as of July 1, 2024, residents of the republic placed almost 232 billion rubles in banks, which is more than 1.5 times higher than the amount on the same date last year. In terms of growth rates, the Republic of Crimea is significantly ahead of the Russian average (+25.6%).