05.11.2025, 10:47
Business spending on loans in Russia turned out to be record-breaking
Source: OREANDA-NEWS
OREANDA-NEWS Businesses in Russia began spending more than a third of their profits on loan servicing. This is reported by the Izvestia newspaper with reference to the CMAKP report "Analysis of macroeconomic trends".
At the end of September, more than 36 percent of profits were spent on loan servicing, as the debt burden in most industries rose to a record level. The indicator has grown by almost 10 percentage points in a year, and by 20 in six years.
The Ministry of Economic Development recognized the increase in the debt burden and explained it by attracting additional financing for increasing investments in fixed assets — according to the results of the first half of 2025, they increased by 12 percent year-on-year. Another reason is the increase in the key interest rate to 21 percent and increased banking regulation, added Olga Belenkaya, Head of the Macroeconomic Analysis Department at Finam.
According to the Central Bank, in the first half of 2025, the total corporate debt reached 122 trillion rubles. Many enterprises borrow not for development, but to cover old debts and maintain liquidity, explained Vladimir Eremkin, senior researcher at the IPEI Structural Research Laboratory at the Presidential Academy. The increase in delays is related to the difficulties of refinancing: banks are tightening requirements, and companies do not have enough available funds for timely payments.
For many companies, revenue is growing, but high interest payments are eating into margins. According to Rosstat, the share of unprofitable organizations reached 30 percent by August 2025, the highest since 2020," added private investor Fyodor Sidorov.
In October, Russians began complaining that financial institutions had begun unilaterally changing the terms of loans under existing agreements. No one notifies borrowers or asks for their consent before adjusting the payment schedule, extending the loan term and, consequently, the amount of overpayment. Customers also face interest rate changes. This happens most often after disabling paid service packages that provide loan benefits.
At the end of September, more than 36 percent of profits were spent on loan servicing, as the debt burden in most industries rose to a record level. The indicator has grown by almost 10 percentage points in a year, and by 20 in six years.
The Ministry of Economic Development recognized the increase in the debt burden and explained it by attracting additional financing for increasing investments in fixed assets — according to the results of the first half of 2025, they increased by 12 percent year-on-year. Another reason is the increase in the key interest rate to 21 percent and increased banking regulation, added Olga Belenkaya, Head of the Macroeconomic Analysis Department at Finam.
According to the Central Bank, in the first half of 2025, the total corporate debt reached 122 trillion rubles. Many enterprises borrow not for development, but to cover old debts and maintain liquidity, explained Vladimir Eremkin, senior researcher at the IPEI Structural Research Laboratory at the Presidential Academy. The increase in delays is related to the difficulties of refinancing: banks are tightening requirements, and companies do not have enough available funds for timely payments.
For many companies, revenue is growing, but high interest payments are eating into margins. According to Rosstat, the share of unprofitable organizations reached 30 percent by August 2025, the highest since 2020," added private investor Fyodor Sidorov.
In October, Russians began complaining that financial institutions had begun unilaterally changing the terms of loans under existing agreements. No one notifies borrowers or asks for their consent before adjusting the payment schedule, extending the loan term and, consequently, the amount of overpayment. Customers also face interest rate changes. This happens most often after disabling paid service packages that provide loan benefits.
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