Growth in corporate loan portfolio accelerates significantly in April
In April, the amount of corporate loans provided by banks (including bonds) increased by 1.9% (+0.4% in March). Banks were actively issuing ruble-denominated loans to companies in various industries. In annualised terms, the indicator was up by ₽12.1 trillion or 12.8% (+₽11.5 trillion, +12.4% in March).
According to preliminary data, households’ outstanding mortgages gained a modest 0.4% (+0.3% in March). The proportion of subsidised mortgages remained at the February–March level, accounting for about 60% of total new mortgages. They increased by ₽2.3 trillion or 10.5% in annualised terms as in the previous month. In April, the consumer loan portfolio remained virtually unchanged (+0.1% vs +0.4% in March) and decreased by ₽0.3 trillion or 2.3% in annualised terms (-₽0.4 trillion or −3.1% in March).
Households’ bank deposits were up by a substantial 1.7% (-0.01% in March). These dynamics were partly driven by the early payment of pensions and the indexation of social benefits. Corporate funds with banks gained a modest 0.3% after losing 3.3% in March, when companies made considerable tax payments.
The banking sector’s profit was ₽348 billion, which was 22% lower than in March. The total financial result slightly exceeded the profit and came in at ₽369 billion, due to the positive revaluation of debt securities recognised directly in equity.
More details are available in the information and analytical material Russian Banking Sector Development in April 2026.