Debt burden of Russian stands at 11% of total households income

Debt burden of Russian stands at 11% of total households income — Central Bank

Business & Economy November 29, 21:24

"This is a comfortable level, so we do not see any risks at large," Deputy Governor of the Bank of Russia Philipp Gabuniya said

MOSCOW, November 29. /TASS/. The debt burden of Russians amounts to 11% of the total income of households, Deputy Governor of the Bank of Russia Philipp Gabuniya said at a press conference.

"We have the debt burden of the population standing at 11% of the total income of households. This is a comfortable level, so we do not see any risks at large," the official said.

The Central Bank also takes measures to reduce lending for borrowers having the highest levels of the credit burden, he added.