Russians to take more loans ahead of New Year’s eve

In October, the number of loans taken by Russians reduced significantly and reached the level of last January, the Bureau of Credit History reports. However, in December people will need money to buy New Year’s presents and therefore will take more loans.

In October, analysts saw a decrease in all kinds of loans except mortgage. These data also refer to credit cards, which Russians began to stop opening.

The number of cash loans dropped the most: in September, Russians took some 1.46 mio of loans, while in October only 1.35 mio, Kommersant daily writes. Experts believe that it is due to the measures taken by the Central Bank, plus the increased activity of investors ahead of the adoption of these measures.

Previous ArticleNext Article