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30 Jan, 19:09

Mortgage portfolio growth rates down to 10.4% in 2024 for Russian banks

The total portfolio of mortgage loans of banks increased by 1.89 trillion rubles ($19.2 bln) and reached 20.1 trillion rubles ($204 bln)

MOSCOW, January 30. /TASS/. Growth rates of mortgage loans of Russian banks declined in 2024 from 29.4% to 10.4%, the Bank of Russia said.

The total portfolio of mortgage loans of banks increased by 1.89 trillion rubles ($19.2 bln) and reached 20.1 trillion rubles ($204 bln). The annual growth rates of the mortgage loans portfolio declined from 11.8% in November 2024 to 10.4% last December, the regulator said.