The boom in consumer loans will soon be replaced by rapid growth in mortgages - analysts
The boom in the Russian consumer lending market will soon end, Alfa Bank analysts are confident. It will be replaced by explosive growth in mortgage loans, the volume of which will more than double in a year and a half - to 7 billion dollars, and by 2008 will reach 12 billion. Mortgages, of course, will grow, but not as quickly as they think in " Alpha,” many experts interviewed by Vedomosti object . The period of rapid growth in the consumer lending market is over, Alfa Bank is confident.