Financial assets and liabilities of the households sector for certain financial instruments
February 2026
Last update: 13.04.2026
In February, household investments in financial assets grew after a seasonal decline in January, amounting to 1.7 trillion rubles across selected financial instruments. At the same time, household financial liabilities decreased by 106 billion rubles due to a reduction in bank lending. 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 February 2026
- The increase in households’ cash holdings in national currency amounted to 227 billion rubles and was several times smaller than the increase in household deposits.
- Deposit rates remained attractive to households; as a result, the inflow of funds into bank deposits in February 2026 exceeded 1.1 trillion rubles. The largest increase was observed in transferable deposits, the more liquid component of this instrument (+825 billion rubles).
- Investment growth in debt securities amounted to 72 billion rubles in February and was driven by the persistence of high bond yields. Long-term debt securities of residents accounted for the largest share of household investments (+96 billion rubles), most of which were government securities.
- Households’ investments in shares and investment fund units and shares decreased by 158 billion rubles in February, due to active demand for less risky assets in the form of bonds and bank deposits.
- Funds in escrow accounts increased by 139 billion rubles in February 2026, following a decrease of 114 billion rubles in January.
|
Balance as of 01.03.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.02.2026 | 01.03.2026 | 01.02.2026 | 01.03.2026 | 01.02.2026 | 01.03.2026 | ||
| Currency | 24 222 | 841 | 1 201 | −399 | 202 | −399 | −197 |
|
National currency |
17 036 | 899 | 1 289 | −358 | 227 | −358 | −131 |
|
Foreign currency |
7 186 | −59 | −88 | −41 | −25 | −41 | −66 |
| Deposits | 75 682 | 8 364 | 8 380 | −1 303 | 1 148 | −1 303 | −156 |
|
Transferable deposits with banks |
19 591 | 2 288 | 2 801 | −1 612 | 825 | −1 612 | −788 |
|
Other deposits with banks |
50 291 | 6 325 | 5 876 | 370 | 370 | 370 | 739 |
|
Deposits with non-resident banks* |
5 801 | −249 | −297 | −61 | −46 | −61 | −107 |
| Broker accounts of households | 224 | 63 | −125 | 7 | −117 | 7 | −110 |
| Debt securities | 5 675 | 1 191 | 1 163 | 88 | 72 | 88 | 160 |
| Listed shares | 7 086 | −111 | −206 | −59 | −161 | −59 | −220 |
| Unlisted shares | 13 204 | 115 | 136 | 0 | −2 | 0 | −2 |
| Investment fund units and shares | 11 804 | 1 314 | 1 300 | 43 | 5 | 43 | 48 |
| Insurance, pension and standardized guarantee schemes and pension savings | 9 694 | 1 060 | 1 340 | 322 | 253 | 322 | 575 |
| Escrow accounts of households | 7 176 | 1 021 | 992 | −114 | 139 | −114 | 25 |
* Estimated value.
Financial assets
(rolling 12-month period, transactions, bln rubles)
Fig. 3
Bank and MFC loans in February 2026
- In February, 2026, the growth of household debt on bank loans was significantly lower than in January (2 bln rubles in February vs. 258 bln rubles in January 2026). This dynamic is explained by a significant decrease in household demand for mortgage loans (90 billion rubles in February vs. 243 billion rubles in January 2026).
- The tightening of conditions for the subsidized program “Family Mortgage”, the main driver of mortgage lending, as of February 1, 2026, led to an expected decline in demand in the mortgage market1.
-
Demand for car loans amounted to 17 billion rubles. Consumer loans decreased significantly (-102 billion rubles).
1 «Information about the mortgage lending market in Russia»
|
Balance as of 01.03.2026 bln rubles |
Transactions, bln rubles | ||||||
|---|---|---|---|---|---|---|---|
| Annual | Monthly | From the beginning of the year | |||||
| 01.02.2026 | 01.03.2026 | 01.02.2026 | 01.03.2026 | 01.02.2026 | 01.03.2026 | ||
| Bank loans | 40 257 | 2 561 | 2 666 | 258 | 2 | 258 | 260 |
|
Mortgage loans* |
21 994 | 2 521 | 2 563 | 243 | 90 | 243 | 333 |
|
Consumer loans* |
13 290 | −505 | −501 | 9 | −102 | 9 | −93 |
|
Car loans |
3 059 | 421 | 458 | −1 | 17 | −1 | 16 |
|
Other loans |
1 129 | −38 | −22 | −14 | 5 | −14 | −9 |
|
Accrued interest claims |
786 | 162 | 168 | 21 | −7 | 21 | 14 |
| Mortgage loans sold to mortgage agents and accounted for repayment | 2 069 | −281 | −287 | −29 | −28 | −29 | −57 |
| Consumer loans sold to specialised financial entities and accounted for repayment | 773 | −499 | −503 | −40 | −41 | −40 | −81 |
| Loans received from MFC | 236 | 1 | −42 | −39 | −39 | −39 | −78 |
* 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. 4
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.