Financial assets and liabilities of the households sector for certain financial instruments
December 2025
Last update: 13.02.2026
In 2025, households invested 14.5 trn rubles in financial assets (for certain instruments) and increased financial liabilities by 1.5 trn rubles mainly due to bank loans.
In December, 2025, the amount of financial investments significantly exceeded that in November and totaled 4.7 trn rubles; the sum of loans similarly was greater than that of the preceding month (438 bln rubles). Data on a full range of financial instruments is presented in quarterly publication.
Financial assets and liabilities of the households sector
(monthly transactions, bln rubles)
Fig. 1
Financial assets in December 2025
- Both other (term) and transferable deposits rose seasonally compared to November, namely of 1.5 trn and 2.2 trn rubles, respectively. Overall, in 2025, households’ deposits increased by 9.2 trn rubles, with other (term) and transferable deposits grown by 2.8 and 6.5, respectively.
- Households’ investments in shares and investment fund units and shares rose by 220 bln rubles; as a result, over the year, the increase in this indicator amounted to 1.7 trn rubles.
- Funds in escrow accounts reduced by 129 bln rubles. Their overall growth in 2025 was almost twice as much as the year earlier and totalled 1 trn rubles.
|
Balance as of 01.01.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.12.2025 | 01.01.2026 | 01.12.2025 | 01.01.2026 | 01.12.2025 | 01.01.2026 | ||
| Currency | 24 307 | 416 | 576 | 59 | 588 | −12 | 576 |
|
National currency |
17 092 | 571 | 756 | 77 | 699 | 57 | 756 |
|
Foreign currency |
7 214 | −155 | −180 | −18 | −111 | −68 | −180 |
| Deposits | 75 819 | 9 619 | 9 201 | 15 | 3 663 | 5 539 | 9 201 |
|
Transferable deposits with banks |
20 378 | 2 522 | 2 847 | −202 | 2 189 | 658 | 2 847 |
|
Other deposits with banks |
49 464 | 7 277 | 6 519 | 225 | 1 485 | 5 035 | 6 519 |
|
Deposits with non-resident banks* |
5 977 | −181 | −165 | −8 | −11 | −155 | −165 |
| Broker accounts of households | 410 | 0 | 8 | 9 | 34 | −26 | 8 |
| Debt securities | 5 583 | 1 290 | 1 337 | 42 | 116 | 1 221 | 1 337 |
| Listed shares | 7 304 | −224 | −26 | 41 | 11 | −37 | −26 |
| Unlisted shares | 12 412 | 310 | 366 | 78 | 42 | 324 | 366 |
| Investment fund units and shares | 11 671 | 1 535 | 1 404 | 99 | 167 | 1 237 | 1 404 |
| Insurance, pension and standardized guarantee schemes and pension savings | 8 842 | 388 | 593 | 140 | 242 | 351 | 593 |
| Escrow accounts of households | 7 152 | 569 | 1 024 | 230 | −129 | 1 152 | 1 024 |
* Estimated value.
Financial assets
(rolling 12-month period, transactions, bln rubles)
Fig. 3
Bank and MFC loans in December 2025
- In 2025, the growth of household debt on bank loans was half the size of that in 2024 and totalled 2.2 trn rubles (5 trn rubels in 2024); in December, it increased compared to the previous month and amounted to 521 bln rubles (323 bln rubles in November).
- In 2025, the growth of mortgage loans went down and totalled to 2.2 trn rubles (2.4 trn rubles in 2024). Besides, in December, mortgage loans grew by 580 rubles; consumer loans declined by 97 bln rubles. Mortgate loans constitute 58%, consumer loans — 32% and car loans — 8% as of December, 2025.
-
A considerable increase in mortgage loans in December was mainly associated with the higher demand for mortgages under government support programmes, which accounted for about 81% of mortgages issued or 661 billion rubles1.
1 “Information about the mortgage lending market in Russia”
|
Balance as of 01.01.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.12.2025 | 01.01.2026 | 01.12.2025 | 01.01.2026 | 01.12.2025 | 01.01.2026 | ||
| Bank loans | 40 010 | 1 485 | 2 195 | 323 | 521 | 1 674 | 2 195 |
|
Mortgage loans* |
21 672 | 1 729 | 2 238 | 315 | 580 | 1 658 | 2 238 |
|
Consumer loans* |
13 384 | −699 | −543 | −57 | −97 | −446 | −543 |
|
Car loans |
3 043 | 391 | 413 | 53 | 33 | 380 | 413 |
|
Other loans |
1 138 | −102 | −70 | 3 | 9 | −78 | −70 |
|
Accrued interest claims |
772 | 167 | 157 | 10 | −3 | 160 | 157 |
| Mortgage loans sold to mortgage agents and accounted for repayment | 2 115 | −269 | −277 | 0 | −30 | −247 | −277 |
| Consumer loans sold to specialised financial entities and accounted for repayment | 851 | −492 | −499 | −42 | −50 | −449 | −499 |
| Loans received from MFC | 314 | 54 | 46 | 1 | −4 | 49 | 46 |
* Transactions are calculated taking into account the sale of the consumer loans and mortgages portfolio by banks.
Bank and MFC loans
(rolling 12-month period, transactions, bln rubles)
Fig. 4
Information on household savings helps to improve the consistency of data on household money income and spending, financial accounts, and sectoral balances of the System of National Accounts (SNA). It also provides updated and detailed data on household financial assets and liabilities, which enables comprehensive analysis of the following:
- household consumption and saving behaviour;
- household preferences regarding investing in financial instruments;
- structure of household loans;
- dynamics and composition of household financial wealth, which is an integral part of household wealth.
The non-financial part is reflected in the capital account of the SNA, net acquisition of financial assets is recorded in the financial account.
Information on the compiling process of “Financial assets and liabilities of the households sector” is depicted in the methodological notes.
* Including mortgage loans sold to mortgage agents and accounted for repayment.