Financial assets and liabilities of the households sector for certain financial instruments
November 2025
Last update: 16.01.2026
Over the past 12 months, households invested 13.6 trn rubles in financial assets (for certain instruments) and increased financial liabilities, primarily in the form of bank loans, by 0.8 trn rubles.
In November, 2025, the amount of financial investments was lower than that in October and totaled 595 bln rubles; conversely, the sum of loan liabilities was greater than that in the preceding month (337 bln rubles). Data on a full range of financial instruments is presented in quarterly publication.
Financial assets and liabilities of the households sector
(monthly transactions, bln rubles)
Fig. 1
Financial assets in November 2025
- Households’ demand for currency has decelerated to 60 bln rubles against 106 bln rubles in October and 140 bln rubles in September. The increment of term ruble deposits of households demonstrated a significant contraction in comparison to that in October (+225 bln rubles), while transferable deposits decreased by 202 bln rubles.
- Household investments in listed shares and investment fund units and shares increased by 140 bln rubles due to the active demand on listed shares (+41 bln rubles), as well as on investment fund units and shares (+99 bln rubles).
- The growth of funds in escrow accounts went up compared to the previous month and amounted to 230 bln rubles in November (+36 bln rubles in October).
|
Balance as of 01.12.2025 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.11.2025 | 01.12.2025 | 01.11.2025 | 01.12.2025 | 01.11.2025 | 01.12.2025 | ||
| Currency | 23 775 | 420 | 506 | 106 | 60 | 19 | 78 |
|
National currency |
16 483 | 522 | 661 | 123 | 77 | 69 | 147 |
|
Foreign currency |
7 292 | −101 | −155 | −17 | −18 | −51 | −68 |
| Deposits | 72 066 | 10 399 | 9 595 | 826 | 1 | 5 514 | 5 515 |
|
Transferable deposits with banks |
18 190 | 2 022 | 2 522 | −17 | −202 | 861 | 658 |
|
Other deposits with banks |
47 913 | 8 545 | 7 277 | 865 | 225 | 4 810 | 5 035 |
|
Deposits with non-resident banks* |
5 964 | −168 | −204 | −22 | −22 | −157 | −179 |
| Broker accounts of households | 376 | −19 | 0 | −7 | 9 | −35 | −26 |
| Debt securities | 5 461 | 1 224 | 1 310 | −83 | 40 | 1 202 | 1 242 |
| Listed shares and investment fund units and shares | 18 390 | 1 316 | 1 285 | 74 | 140 | 1 034 | 1 174 |
|
Listed shares |
7 012 | −273 | −249 | 21 | 41 | −104 | −63 |
|
Investment fund units and shares |
11 378 | 1 589 | 1 535 | 53 | 99 | 1 138 | 1 237 |
| Insurance, pension and standardized guarantee schemes and pension savings | 8 831 | 342 | 365 | −13 | 117 | 212 | 328 |
| Escrow accounts of households | 7 280 | 408 | 569 | 36 | 230 | 923 | 1 152 |
* Estimated value.
Financial assets
(rolling 12-month period, transactions, bln rubles)
Fig. 2
Bank and MFC loans in November 2025
- In November, monthly growth of household debt on bank loans expanded to 378 bln rubles (335 bln rubles in October), including mortgage loans totalling to 315 bln rubles; consumer loans declined by 2 bln rubles. Mortgate loans constitute 53%, consumer loans — 34% and car loans — 8% as of November, 2025.
-
An increase in lending for mortgage loans was mainly due to an active demand on loans under the government support programmes, which constituted around 78% of mortgages issued in November or 392 bln rubles1.
1 “Information about the mortgage lending market in Russia”
|
Balance as of 01.12.2025 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.11.2025 | 01.12.2025 | 01.11.2025 | 01.12.2025 | 01.11.2025 | 01.12.2025 | ||
| Bank loans | 39 867 | 1 180 | 1 532 | 335 | 378 | 1 342 | 1 721 |
|
Mortgage loans* |
21 308 | 1 495 | 1 729 | 289 | 315 | 1 344 | 1 658 |
|
Consumer loans* |
13 644 | −732 | −653 | −64 | −2 | −398 | −400 |
|
Car loans |
3 010 | 369 | 391 | 78 | 53 | 327 | 380 |
|
Other loans |
1 130 | −110 | −102 | 13 | 3 | −81 | −78 |
|
Accrued interest claims |
775 | 158 | 167 | 19 | 10 | 150 | 160 |
| Mortgage loans sold to mortgage agents and accounted for repayment | 1 930 | −292 | −269 | −27 | 0 | −247 | −247 |
| Consumer loans sold to specialised financial entities and accounted for repayment | 794 | −454 | −482 | −43 | −43 | −397 | −439 |
| Loans received from MFC | 317 | 49 | 54 | 3 | 1 | 48 | 49 |
* Transactions are calculated taking into account the sale of the consumer loans and mortgages portfolio by banks.
Bank and MFC loans
(rolling 12-month period, transactions, bln rubles)
Fig. 3
Information on household savings helps to improve the consistency of data on household money income and spending, financial accounts, and sectoral balances of the System of National Accounts (SNA). It also provides updated and detailed data on household financial assets and liabilities, which enables comprehensive analysis of the following:
- household consumption and saving behaviour;
- household preferences regarding investing in financial instruments;
- structure of household loans;
- dynamics and composition of household financial wealth, which is an integral part of household wealth.
The non-financial part is reflected in the capital account of the SNA, net acquisition of financial assets is recorded in the financial account.
Information on the compiling process of “Financial assets and liabilities of the households sector” is depicted in the methodological notes.
* Including mortgage loans sold to mortgage agents and accounted for repayment.