The United Credit Bureau (UCB) summed up the results of POS lending from January to June 2024. It turned out that in the first half of 2024, Russians issued 2.59 million POS loans worth 190.68 billion rubles. Compared to the second half of 2023, the number of issues decreased by 26%, and the volume by 17%.
Shveyn Irina/Shutterstock/Fotodom
From July to December last year, 3.48 million loans worth 229.21 billion rubles were issued. Compared to the first half of last year, the number of issues decreased by 16%, while the volume, on the contrary, increased by 13%. From January to June 2023, banks issued 3.07 million trade loans worth 168.93 billion rubles.
In the second quarter of this year, 1.24 million POS loans worth RUB 93.93 billion were issued. Compared to Q2. 2023, the number of issues decreased by 23%, the volume increased by 6%. From April to June last year, 1.60 million loans worth 88.21 billion rubles were issued. Compared to the first quarter of this year, the number of issues decreased by 9%, the volume of issues – by 3%. From January to March 2024, 1.36 million POS loans worth RUB 96.75 billion were issued.
In June, banks issued 397.30 thousand trade loans worth 30.77 billion rubles. On an annual basis, the number of issues decreased by 29%, and the volume by 1%. In June last year, 561.11 thousand loans worth 31.01 billion rubles were issued.
The average trade loan bill increased by 40% over the year: from 55 to 77 thousand rubles. The average term of POS lending increased by 10 months: from 13 to 23 months. (1 year 11 months). Compared to the results of the previous month, the decrease in the number of trade loans issued in June was 3%, the volume decreased by 2%. In May, 409.16 thousand loans worth 31.32 billion rubles were issued. The average loan term increased by 1 month: from 22 months. The average bill remained unchanged. The top 5 regions in terms of the volume of trade loans issued in June included: Moscow – 25.54 thousand loans worth 2.58 billion rubles, Moscow region. – 21.32 thousand loans for 1.90 billion rubles, Krasnodar Territory – 16.87 thousand loans for 1.30 billion rubles, St. Petersburg – 14.13 thousand loans for 1.18 billion rubles. and Sverdlovsk region. — 12.02 thousand loans for 918 million rubles.
“The issuance of loans and loans at points of sale is strictly regulated by the macroprudential policy of the Bank of Russia. In this regard, the decline in POS lending volumes in June looks quite natural. Partial payment services ( BNPL services ), the activities of which are not yet regulated by the Central Bank, continue to gain popularity. In fact, such services attract borrowers from the POS lending segment to their side . In addition, classic one-time commodity POS loans are gradually being replaced by long-term consumer credit lines,” said Nikolai Filippov, director of risk methodology and data analytics at the United Credit Bureau .
OKB: in April, POS lending volumes decreased by 3%, and the number – by 6%
OKB: in April 2.39 million new credit cards were issued in Russia
