Financial assets and liabilities of the households sector for certain financial instruments
March 2026
Last update: 12.05.2026
In March, households investments in financial assets amounted to 921 billion rubles, which is almost half as much as last month. At the same time, household financial liabilities increased by 105 billion rubles due to rising demand of retail 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 March 2026
- Increase in the national currency (+276 billion rubles) exceeded household investments in deposits (+49 billion rubles). Higher demand for cash was driven by temporary internet disruptions and households’ desire to maintain a reserve of payment independent of digital infrastructure operations.
- Amid declining deposit interest rates, inflows into bank deposits in March 2026 were significantly lower (+RUB 49 billion) than in February 2026 (+1.1 trillion rubles). The increase in household funds on deposits in March was mainly due to transferable deposits with banks (+425 billion rubles), while other deposits with banks decreased (-333 billion rubles).
- Investments in debt securities increased by 164 billion rubles in March. Long-term debt securities of residents accounted for the largest share of household investments (+165 billion rubles), most of which consisted of government securities.
- Households’ investments in shares and investment fund units and shares increased by 265 billion rubles in March, primarily due to purchases of exchange-traded and closed-end investment funds.
- Funds in escrow accounts slowed down and amounted 20 billion rubles in March 2026.
|
Balance as of 01.04.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.03.2026 | 01.04.2026 | 01.03.2026 | 01.04.2026 | 01.03.2026 | 01.04.2026 | ||
| Currency | 24 660 | 1 200 | 1 681 | 204 | 261 | −197 | 63 |
|
National currency |
17 180 | 1 283 | 1 785 | 225 | 276 | −137 | 139 |
|
Foreign currency |
7 480 | −83 | −103 | −22 | −15 | −60 | −76 |
| Deposits | 76 064 | 8 366 | 7 821 | 1 142 | 49 | −169 | −120 |
|
Transferable deposits with banks |
20 015 | 2 801 | 3 215 | 825 | 425 | −788 | −363 |
|
Other deposits with banks |
50 003 | 5 876 | 4 899 | 370 | −333 | 739 | 406 |
|
Deposits with non-resident banks* |
6 046 | −310 | −293 | −52 | −42 | −121 | −163 |
| Broker accounts of households | 344 | −14 | 15 | −6 | 3 | 1 | 4 |
| Debt securities | 5 933 | 1 163 | 1 187 | 70 | 164 | 160 | 323 |
| Listed shares | 7 150 | −200 | −167 | −166 | 26 | −214 | −188 |
| Unlisted shares | 12 590 | 135 | 229 | 4 | 30 | −4 | 26 |
| Investment fund units and shares | 12 511 | 1 514 | 1 657 | 101 | 210 | 262 | 472 |
| Insurance, pension and standardized guarantee schemes and pension savings | 9 835 | 1 311 | 1 532 | 212 | 160 | 546 | 707 |
| Escrow accounts of households | 7 196 | 992 | 923 | 139 | 20 | 25 | 44 |
* Estimated value.
Financial assets
(rolling 12-month period, transactions, bln rubles)
Fig. 3
Bank and MFC loans in March 2026
- In March 2026, the growth of household debt on bank loans was significantly higher than in February (201 billion rubles in March vs. 2 billion rubles in February 2026).
- Following the tightening of the terms of the subsidized program “Family Mortgage”, mortgage housing lending showed moderate growth in March1.
-
In March, there was an increase in demand for car loans (+33 billion rubles) and consumer loans (+22 billion rubles).
1 «Information about the mortgage lending market in Russia»
|
Balance as of 01.04.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.03.2026 | 01.04.2026 | 01.03.2026 | 01.04.2026 | 01.03.2026 | 01.04.2026 | ||
| Bank loans | 40 377 | 2 666 | 2 795 | 2 | 201 | 260 | 461 |
|
Mortgage loans* |
22 051 | 2 564 | 2 592 | 90 | 94 | 333 | 427 |
|
Consumer loans* |
13 268 | −501 | −458 | −102 | 22 | −93 | −71 |
|
Car loans |
3 092 | 458 | 493 | 17 | 33 | 16 | 49 |
|
Other loans |
1 156 | −22 | 20 | 4 | 26 | −10 | 17 |
|
Accrued interest claims |
810 | 167 | 148 | −7 | 25 | 14 | 39 |
| Mortgage loans sold to mortgage agents and accounted for repayment | 2 076 | −287 | −294 | −28 | −30 | −57 | −87 |
| Consumer loans sold to specialised financial entities and accounted for repayment | 812 | −503 | −468 | −41 | −5 | −81 | −87 |
| Loans received from MFC | 175 | −42 | −110 | −39 | −61 | −78 | −139 |
* 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.