Inhabitants of Kuban accumulated a total of 479,68 million Russian rubles via Point-of-Sale (POS) loans.
In an analysis by OKB experts, Russian banks dished out 159,98 thousand consumer loans worth 10.56 billion rubles to citizens last month, marking a substantial 64% drop compared to the same time frame in the previous year. Fast forward to May 2024, and the figures soared to 450.48 thousand loans amounting to 29.41 billion rubles.
Here's a rundown of the top 5 locations for POS (Point of Sale) loan issuances in May:
- Moscow: With 12,990 loans amounting to 1.04 billion rubles, Russia's capital city took the lead.
- Moscow Oblast: A close second, this region issued 10,020 loans totaling 750.11 million rubles.
- Krasnodar Krai: While experiencing a 9% drop in volume, it still managed to issue 7,220 loans worth 479.68 million rubles.
- St. Petersburg: The fourth spot is secured by this city with 6,370 loans totaling 474.82 million rubles.
- Sverdlovsk Oblast: Coming in fifth, this region issued 4,880 loans worth 313.84 million rubles.
Notably, the growth in the credit profile of Kuban businesses, particularly in the small and medium enterprise (SME) segment, has seen a significant surge. The obligations of these borrowers escalated by a whopping 36.3% over the previous year, fueled by a sustained demand for working capital financing from agricultural, industrial, and construction organizations [1].
As for the disheartening trend in consumer loan issuance in Russia, it started expanding impressively from 2023 to mid-2024, thanks to increased lending, especially to less creditworthy borrowers [1][2]. However, it began to slow down towards the end of 2024 and into 2025 due to stricter monetary policies and a shrinking risk appetite among banks [1].
Interestingly, specific data on the top 5 regions for POS loan issuances in May 2024 is hard to come by. But, given the nature of POS loans, major urban areas and regions with high consumer activity usually top the list [3]. For more accurate information, additional data or specific regional economic reports would be required.
The surge in credit profiles of Kuban businesses, particularly small and medium enterprises (SMEs), has witnessed a significant growth, with obligations escalating by 36.3% from the previous year, largely driven by the demand for working capital financing in agricultural, industrial, and construction sectors.
Despite the decline in consumer loan issuance in Russia, statistics suggest that major urban areas and regions with high consumer activity usually lead in Point of Sale (POS) loan issuances, although specific data for May 2024 is scarce.
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