Financial assets and liabilities of the households sector for certain financial instruments
January 2026
Last update: 11.03.2026
In January, households reduced their investments in financial assets by 1.4 trillion rubles (across selected financial instruments) and increased their financial liabilities by 172 billion rubles due to bank loans. 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 January 2026
- In January 2026, demand for national currency seasonally decreased by 0.4 trillion rubles (the same decrease of 0.4 trillion rubles was observed in January 2025).
- Households’ investments in transferable deposits (−1.3 trillion rubles) traditionally declined compared with the last month of the previous year (+2.2 trillion rubles in December 2025, −1.1 trillion rubles in January 2025). Part of these funds was reallocated to other (term) deposits (+0.4 trillion rubles), interest in which was supported by attractive deposit interest rates.
- Households’ investments in shares and investment fund units and shares decreased by 32 billion rubles in January, mainly due to a decline in investments in listed shares (−79 billion rubles).
- As in the previous month, funds in escrow accounts continued to decline (−114 billion rubles in January 2026) amid strong housing completions.
|
Balance as of 01.02.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.01.2026 | 01.02.2026 | 01.01.2026 | 01.02.2026 | 01.01.2026 | 01.02.2026 | ||
| Currency | 23 889 | 651 | 726 | 663 | −404 | 651 | −404 |
|
National currency |
16 809 | 831 | 899 | 774 | −358 | 831 | −358 |
|
Foreign currency |
7 080 | −180 | −174 | −111 | −46 | −180 | −46 |
| Deposits | 74 416 | 9 202 | 8 373 | 3 663 | −1 291 | 9 202 | −1 291 |
|
Transferable deposits with banks |
18 766 | 2 847 | 2 288 | 2 189 | −1 612 | 2 847 | −1 612 |
|
Other deposits with banks |
49 908 | 6 519 | 6 327 | 1 485 | 371 | 6 519 | 371 |
|
Deposits with non-resident banks* |
5 742 | −165 | −242 | −10 | −49 | −165 | −49 |
| Broker accounts of households | 339 | 8 | 63 | 34 | 7 | 8 | 7 |
| Debt securities | 5 569 | 1 337 | 1 174 | 116 | 65 | 1 337 | 65 |
| Listed shares | 7 194 | −26 | −93 | 11 | −79 | −26 | −79 |
| Unlisted shares | 12 072 | 366 | 118 | 42 | 3 | 366 | 3 |
| Investment fund units and shares | 11 793 | 1 394 | 1 311 | 158 | 43 | 1 394 | 43 |
| Insurance, pension and standardized guarantee schemes and pension savings | 9 392 | 679 | 1 100 | 327 | 389 | 679 | 389 |
| Escrow accounts of households | 7 038 | 1 024 | 1 021 | −129 | −114 | 1 024 | −114 |
* Estimated value.
Financial assets
(rolling 12-month period, transactions, bln rubles)
Fig. 3
Bank and MFC loans in January 2026
- The increase in household debt on bank loans in January was half the size of that in the previous month, amounting to 258 billion rubles (+524 billion rubles in December 2025).
- The growth of bank lending continued to be driven by mortrage loans (+243 billion rubles). As in December 2025, in January 2026 increase mortgage loans was mainly associated with the higher demand for mortgages under government support programmes ahead of the tightening of the conditions of the “Family Mortgage” government support program, while the issuance of mortgage loans on market terms declined.1.
-
In the overall structure of the bank loan portfolio: mortgage loans accounted for 54%, consumer loans for 33%, car loans for 8%. The growth of consumer loans by 47 billion rubles was mainly driven by credit card loans.
1 «Information about the mortgage lending market in Russia»
|
Balance as of 01.02.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.01.2026 | 01.02.2026 | 01.01.2026 | 01.02.2026 | 01.01.2026 | 01.02.2026 | ||
| Bank loans | 40 267 | 2 198 | 2 561 | 524 | 258 | 2 198 | 258 |
|
Mortgage loans* |
21 915 | 2 238 | 2 521 | 580 | 243 | 2 238 | 243 |
|
Consumer loans* |
13 430 | −540 | −468 | −94 | 47 | −540 | 47 |
|
Car loans |
3 014 | 413 | 392 | 33 | −29 | 413 | −29 |
|
Other loans |
1 115 | −70 | −47 | 9 | −23 | −70 | −23 |
|
Accrued interest claims |
794 | 157 | 162 | −3 | 21 | 157 | 21 |
| Mortgage loans sold to mortgage agents and accounted for repayment | 2 083 | −277 | −284 | −30 | −33 | −277 | −33 |
| Consumer loans sold to specialised financial entities and accounted for repayment | 839 | −499 | −474 | −50 | −15 | −499 | −15 |
| Loans received from MFC | 275 | 46 | 1 | −4 | −39 | 46 | −39 |
* 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.