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ALL-TIME MAXIMUM DEBT BURDEN OF POPULATION IS REPORTED IN RUSSIA

... says the review. During the pandemic, there was an increase in loan agreements, while the real income of the population did not grow. Despite the growth in the rate of mortgage lending, this fact did not have a significant impact on the increase in the debt burden. The reason, according to the regulator, is compensation in the form of a reduction in interest rates on loans. Debt load is the ratio of all loan payments to the total income of the population. In addition, the Central Bank of the Russian Federation indicated that the quality of the loan portfolio exceeds expectations that existed at the beginning of the pandemic....

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