Share of 60+ seniors’ retail loans shows fastest growth in Nov

MOSCOW, Dec 26 (PRIME) -- The share of borrowers over 60 years of age rose 1 percentage point to 10.4% in Russia’s retail loan portfolio in November, the biggest growth among all age groups, the National Bureau of Credit Records said on Tuesday.

The shares of age segments of below 25, 30-39 and 40-49 years old grew by 0.1-0.5 percentage points.

The biggest shares of 60+ borrowers among 40 regions, demonstrating the fastest growth rates of retail loaning, are seen in the Altai region with 14.8%, the republic of Buryatia with 14.3%, and the Kemerovo and Penza regions with 12.5% and 12.3%, respectively.

The lowest share of senior borrowers is in wealthier Khanti-Mansi autonomous republic, or 7.1%, in the Moscow Region with 7.2% and St Petersburg with 8.2%.

“Retail loaning of all types including secured and unsecured loans has actively risen in 2017. The number of borrowers has also increased,” CEO of the National Bureau of Credit Records Alexander Vikulin said.

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