Households Savings
Q2 2026
Last update: 01.10.2026
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Financial assets and liabilities of the households sector (balances) |
| Financial assets and liabilities of the households sector (transactions) |
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In Q2 2026, the growth in household financial assets traditionally increased vs the previous quarter and amounted to 4.1 trillion rubles (854 billion rubles in Q1 2026). The rise in household financial liabilities also went up, totaling to 1.0 trillion rubles (351 billion rubles in Q1 2026).
In Q2 2026, household saving activity increased in comparison to the previous quarter. The seasonally adjusted saving rate in Q2 2026 stood at 13.1% (12.2% a quarter earlier), but it was below the figure in Q2 2025 (15.8%).
Savings (bln rubles)
Fig. 1
Financial assets of the households sector (bln rubles)
Tab. 1
| Annual transactions | Quarterly transactions | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
As of 01.07.2026 |
2022 | 2023 | 2024 | 2025 | Q2-2025 | Q3-2025 | Q4-2025 | Q1-2026 | Q2-2026 | |||
| Financial assets, total | 190 158 | 10 048 | 15 188 | 16 698 | 15 078 | 4 261 | 3 074 | 6 479 | 854 | 4 110 | ||
| Currency | 25 826 | 3 199 | 1 409 | -286 | 637 | 182 | 495 | 819 | 54 | 1 509 | ||
| Deposits | 76 451 | 4 645 | 8 923 | 13 333 | 9 021 | 2 462 | 875 | 4 458 | -107 | 1 007 | ||
| Broker accounts of households | 462 | -415 | -99 | -139 | 8 | -23 | -2 | 36 | -12 | 20 | ||
| Debt securities | 6 157 | 48 | 829 | 273 | 1 321 | 269 | 540 | 61 | 323 | 340 | ||
| Loans | 1 144 | -232 | 168 | 113 | -47 | 46 | -10 | 16 | -2 | 16 | ||
| Equity and investment fund shares | 61 104 | 2 167 | 2 073 | 1 436 | 1 836 | 713 | 373 | 396 | 323 | 610 | ||
| Listed shares | 6 274 | 1 444 | 325 | 15 | -91 | 19 | -37 | 8 | -188 | -9 | ||
| Unlisted shares and other equity and investment fund shares | 41 742 | 432 | -240 | 205 | 477 | 160 | 51 | 42 | 39 | 36 | ||
| Investment fund units and shares | 13 088 | 290 | 1 989 | 1 216 | 1 451 | 534 | 359 | 346 | 472 | 583 | ||
| Insurance, pension and standardized guarantee schemes | 10 141 | 15 | 72 | 844 | 680 | 141 | 180 | 460 | 144 | 319 | ||
| Other accounts receivable | 1 513 | -371 | 267 | 571 | 599 | 148 | 204 | 96 | 86 | 126 | ||
| Escrow accounts of households | 7 360 | 992 | 1 546 | 554 | 1 024 | 322 | 419 | 137 | 44 | 164 | ||
| Non-financial assets, estimate | 3 290 | 3 975 | 4 683 | 4 945 | 918 | 1 077 | 1 965 | 1 409 | 1 157 | |||
As of 1 July 2026, the structure of household financial assets continued being dominated by deposits (40.2%), equity and investment fund shares (32.1%) and currency (13.6%).
In Q2 2026, the inflow of household funds into deposits was driven by an increase in transferable deposits (+1.2 trillion rubles), while the dynamics of other (term) deposits in Russian banks decelerated.
Households’ investments into resident investment fund units and shares continued to go up; households continued to show interest in investing in debt securities.
Against the background of lending growth, the escrow accounts increased and amounted to 164 billion rubles.
These data are also available in the monthly publication.
Transactions by the type of financial instruments (rolling 4Q-period, bln rubles)
Fig. 2
* Insurance, pension and standardized guarantee schemes, loans, other accounts reveivable (w/o escrow accounts).
Household investments in securities and equity and investment fund shares
In Q2 2026, households invested 340 billion rubles in debt securities (385 billion rubles in long-term resident debt securities). The annual growth in debt securities remained robust (1.3 trillion rubles).
The inflow of household funds into resident investment funds units and shares in rubles increased in Q2 2026 to 542 billion rubles.
Household investments in securities and equity and investment fund shares (rolling 4Q-period, transactions in bln rubles)
Fig. 3
Structure of household financial assets by countries as of 01.04.2026 (balances, %)
Fig. 4
Source: Bank of Russia (Financial accounts of the system of national accounts of the Russian Federation); OECD Data.
Financial liabilities of the households sector, bln rubles
Tab. 2
| Annual transactions | Quarterly transactions | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
As of 01.07.2026 |
2022 | 2023 | 2024 | 2025 | Q2-2025 | Q3-2025 | Q4-2025 | Q1-2026 | Q2-2026 | |||
| Financial liabilities, total | 50 210 | 2 944 | 7 288 | 5 158 | 2 265 | 264 | 940 | 1 281 | 351 | 1 004 | ||
| Loans | 46 191 | 2 818 | 7 356 | 5 094 | 1 702 | 207 | 740 | 982 | 245 | 928 | ||
| Bank loans | 41 102 | 2 875 | 7 317 | 4 971 | 2 200 | 338 | 810 | 1 187 | 461 | 1 061 | ||
| Residential mortgages | 22 390 | 2 444 | 4 822 | 2 429 | 2 239 | 371 | 610 | 1 184 | 427 | 507 | ||
| Consumer loans | 13 488 | 358 | 1 631 | 1 457 | -540 | -104 | -71 | -212 | -71 | 389 | ||
| Car loans | 3 143 | -47 | 504 | 887 | 413 | 60 | 221 | 164 | 49 | 51 | ||
| Other bank loans | 1 237 | 83 | 324 | 82 | -69 | -27 | 5 | 25 | 17 | 83 | ||
| Accrued interest | 843 | 37 | 37 | 116 | 159 | 37 | 46 | 27 | 39 | 31 | ||
| Mortgage loans sold to mortgage agents and accounted for repayment | 2 164 | -189 | -272 | -279 | -260 | -102 | -84 | -36 | -88 | -96 | ||
| Consumer loans sold to specialised financial institutions | 792 | -499 | -126 | -120 | -135 | -127 | -148 | |||||
| Loans received from MFO | 1 137 | 75 | 104 | 198 | 229 | 72 | 68 | -14 | 62 | 23 | ||
| Loans received from other entities | 674 | 1 | 190 | 276 | 55 | 30 | 71 | -11 | -58 | 91 | ||
| Non-resident loans | 322 | 56 | 17 | -12 | -24 | -4 | -6 | -9 | -5 | -3 | ||
| Other accounts payable (including debt securities) | 4 019 | 126 | -68 | 65 | 563 | 57 | 200 | 300 | 106 | 75 | ||
As of 1 July 2026, bank loans occupied the largest share of household financial liabilities (81.9% or 41.1 trillion rubles), housing mortgage loans, including mortgage loans sold to mortgage agents, accounted for 24.6 trillion rubles.
Structure of household financial liabilities (balances, %)
Fig. 5
* Other liabilities include debt securities, non-resident loans and other accounts payable.
In Q2 2026, the increase in loans and borrowings was mainly driven by housing mortgage loans (+507 billion rubles). The rise in activity on the housing mortgage market was due to the expectation of tightening conditions under the Family mortgage program. In Q2 2026, the growth of consumer loans resumed (+389 billion rubles). The increase in car loans also went up and amounted to 51 billion rubles.
Financial liabilities (rolling 4Q-period, transactions in bln rubles)
Fig. 6
* Other liabilities include debt securities, non-resident loans and other accounts payable.
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:
- 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.
Saving rate – the ratio of the household’s savings to disposable income over a given period.
Information on the compiling process of “Financial assets and liabilities of the households sector” is depicted in the methodological notes.
* Financial and non-financial assets less liabilities (net lending/borrowing).