Russia: Consumer Loans Growing Substantially

Politics ♦ Published: February 13, 2013; 20:04 ♦ (Vindobona)

At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.

Russia: Consumer Loans Growing Substantially / Picture: © Vindobona.org

Russia´s economic growth rates were relatively high in the last years. In 2000, the average income per head came at € 100 per month. In meantime, the average monthly income was up to € 910. In 2012, Russia´s GDP was up by 3.3%. This year, economists anticipate a growth rate of 2.5%. Despite the relatively high growth rates, the real income is growing much slower. Last year, Russia…

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