Fitch sees Russia’s retail lending rising 8% in 2017

MOSCOW, Sep 26 (PRIME) – Russia’s retail crediting may grow 8% in 2017 overshooting central bank’s target of 5–7%, and 5% in 2018, international rating agency Fitch said in a presentation on Tuesday.

Fitch also expects unsecured loans to grow about 7% in 2017 and 3–5% in 2018. Loans for car purchases may increase by 5% per year in 2017–2018 and mortgages by less than 10% in the two years.

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