Russians Set Record for Loans Issued in August
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Insights by Echo AI
Russians took out a record 4.36 million loans in August, with a total volume of 1.26 trillion rubles, marking a 23% increase from the previous year. Cash loans accounted for 38.9% of issuances, followed by mortgages at 31.5%. From January to August 2026, retail loans increased by 28% to 30.12 million, totaling 8.9 trillion rubles.
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