Annual growth of mortgage lending in Russia stands at 30% as of September 1 — regulator

Business & Economy September 15, 2023, 16:22

The regulator is concerned about involvement of riskier groups of clients in mortgage, Central Bank Governor Elvira Nabiullina noted

MOSCOW, September 15. /TASS/. Mortgage lending in Russia is growing at an accelerating pace, with growth roughly standing at 30% as of September 1 in annual terms, Central Bank Governor Elvira Nabiullina told a press conference following the board meeting.

"Mortgage is indeed growing at an accelerating pace. Mortgage growth rate equaled around 30% as of September 1 in annual terms," she said.

The regulator is concerned about involvement of riskier groups of clients in mortgage, Nabiullina noted.

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