Relentless Rise of Consumer Debt in Russia Fuels Bubble Fears For Some – The Moscow Times

The Moscow Times | Aug 15, 2019 at 11:48 AM
  • Natalia Leontyeva, a Siberian sales manager, bought a second hand car in 2013 with a loan worth about four monthly salaries.
  • Their exchange highlighted the sensitivity of the problem for Putin, whose popularity ratings have slipped since he was reelected by an overwhelming majority last year.
  • Consumer lending accounts for over a tenth of total loans at Russia’s top banks, state-owned Sberbank and VTB , while for private TCS Group consumer lending forms its core business.
More sources
  • Relentless rise of consumer debt in Russia fuels bubble fears for some (Reuters: Aug 15, 2019 at 9:58 AM)