CrimeaPRESS reports:
Over the year, the retail loan portfolio in the Republic of Crimea grew by 14.7% as of April 1, 2023 and amounted to more than 105 billion rubles. The growth rate of lending in the region exceeded the national rate (+10.4%) and is comparable to the figure for the Southern Federal District (+14.6%). During the year, the portfolio of mortgage housing loans of Crimeans grew by more than 20% and at the beginning of the II quarter amounted to 49.5 billion rubles. The portfolio of consumer loans over the same period grew not so significantly — by 10.2%, amounting to 55.6 billion rubles.
High mortgage growth rates in the republic continue to support preferential state programs, — explains the head of the Branch of the Bank of Russia in the Republic of Crimea, Igor Tsvetkov. — The lending activity of citizens as a whole remains restrained against the backdrop of the persisting propensity to save. Residents of the republic continue to consider deposits as a reliable tool for saving their funds.
The volume of deposits (deposits) and other household funds attracted by banks in the Republic of Crimea (excluding funds in escrow accounts) as of April 1, 2023 exceeded 144 billion rubles, an increase of 22.7% compared to the same date last year. In terms of the growth rate of the population’s funds in accounts with credit institutions, the Republic of Crimea ranks first among the regions of the Southern Federal District and outperforms the country as a whole (10.8%).
source: Branch for the Republic of Crimea of the Southern Main Branch of the Central Bank of the Russian Federation
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