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Retail Credit Growth in Russian Regions

Ivan Nikonov () and Arseny S. Sirotkin ()
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Arseny S. Sirotkin: JSC NPF FUTURE, Moscow 127051, Russia

Finansovyj žhurnal — Financial Journal, 2019, issue 1, 56-65

Abstract: The article describes the development features of the retail lending in the Russian Federation after 2015–2016 recession period. The authors indicate the recent trends in the retail credit market through the analysis of mortgage and retail loan markets performance with a breakdown by groups of country regions. Groups of regions are defined by the credit growth ratio and personal income level. The groups of regions have such characteristics as living standards, dynamics of the credit growth and past due debt in different retail lending segments, and household bank deposits. The authors determine the highest retail credit growth in regions with the higher-than-average personal debt-to-income ratio, while the mortgages and retail loans show mostly proportionate dynamics in the overall retail credit growth.

Keywords: retail lending; credit cycle; mortgage loans; retail loans; regional credit markets; foreign currency revaluation; growth decomposition (search for similar items in EconPapers)
JEL-codes: G21 R11 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.31107/2075-1990-2019-1-56-65

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