Page 91 - RusRPTNov21

expectedly gaining momentum (estimated in September RUB38bn were issued after RUB32bn in August and RUB26bn in July.
In total, preferential programs accounted for about a fifth of all mortgage loans in September. At the same time, the share of preferential mortgages in issuances in the primary market was up to 60% (while in the first half of 2021 it was at about 90%).
In general, the issuance at the primary the market recovered from the decline in July and almost reached the monthly average the level of the first half of 2021 due to the growth of market mortgages.
Consumer lending in September slowed to 1.7% m/m from 2.2% m/m in August, which is due to including with the strengthening of the action as the portfolio turnover of increased macroprudential markups to risk ratios since July 14.
91 RUSSIA Country Report November 2021 www.intellinews.com