MOSCOW, March 21. /TASS/. The lending activity in Russia remains moderate, the Bank of Russia said.
"Lending activity remains moderate. The retail loan portfolio of banks has been shrinking since December 2024. The current growth rates of corporate lending are generally moderate. However, elevated budget expenditures have significantly affected their dynamics in recent months," the Central Bank said.
"Despite some reduction in deposit rates, the inflow of household funds into current accounts and time deposits remains high. Yet, growth in incomes allows households to increase both savings and consumption," the regulator added.