OREANDA-NEWS   The portfolio of unsecured consumer loans to individuals continued to decline last month, decreasing by 0.7 percent compared to October levels, when it also fell (by 0.4 percent) and by 6.7 percent by November 2024, to 13.1 trillion rubles. This is stated in the Central Bank's information and analytical material on the development of the Russian banking sector, published on the regulator's website.

It is noted that the dynamics were recorded "mainly in the segment of cash loans," and credit cards remain in demand due to the preferential interest-free period, although some banks reduced their issuance in November. The latter, in particular, affected borrowers with a high debt burden, the Central Bank noted.

At the same time, the portfolio of car loans of banks in the Russian Federation continues to grow, although the growth rate slowed from 3 percent in August-October to 1.8 percent in November, according to the materials.

At the same time, the profit of credit institutions increased by 27 percent in monthly terms, from 310 to 394 billion rubles.