Nabiullina told Putin about the risk of a “mortgage bubble”
The head of the Central Bank, Elvira Nabiullina , told President Vladimir Putin about the rapid growth of mortgage lending in the Russian banking sector, which made the head of the regulator think about the possibility of a “bubble” in this market. Details According to the head of the Central Bank, if earlier Russians mainly took loans for consumption, today almost half (44%) of all loans are mortgages. For comparison, five years ago, mortgages accounted for 27% of all loans.