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GgoogleRU first seen 26 d ago, last 1 d ago, peak #1

Russian lending market expands sharply as rates climb

Original: кредит

Russian media report the cash loan market grew 61 percent, according to VTB. At the same time, mortgage rates are edging upward, with analysts debating whether it marks a trend or a temporary correction. In St Petersburg, shoppers took out nearly one billion roubles in retail credit in September. Other coverage warns that fraudsters can take out loans in someone else's name and explains how to stop debt collection in such cases.

Why now: Rapid loan growth, rising mortgage rates and loan fraud concerns are currently driving public attention to credit in Russia.

VTBSt PetersburgRussia

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