VTB predicts the growth of the retail lending market in the second half of the year

According to VTB, in the second half of the year, the volume of issuance of loans to individuals in Russia will be about 6 trillion rubles, which will be 9% exceed the indicators of the same period last year. The retail credit market, which reached its minimum in the first half of the year, stabilized and began to recover. This was stated this within the framework of the VEF-2025 by the Deputy President of the VTB Board Alexander Pakhomov.

According to the results of only 2025, VTB predicts the volume of the retail lending market at the level of 9.5 trillion rubles, which will be 26% lower than the result of 2024. About 60% of the extradition will amount to security loans: a mortgage will take 4.04 trillion rubles, a car loan of 1.7 trillion, cash loans – about 3.8 trillion. The volume of retail loan portfolio in the market, as WTB expects, will increase by 3%per year, exceeding 40.6 trillion rubles. The greatest contribution to positive dynamics will be made by car loan (an increase of 16%) and credit cards (an increase of 10%).

“Positive dynamics of lending individuals is observed in recent months, which indicates a stable tendency to stabilize the market. A decrease in the key rate has created a more predictable environment that allows Russians to more surely plan large purchases. The second half of the year can be a turning point for the market, showing growth to last year's indicators. However, the full -fledged Renaissance of retail lending is still ahead, bank rates are still more suitable for accumulations than for lending, ”said Alexander Pakhomov.