Credit card debt soaring in Russia  ...News

Delinquency on payments reached 9% in May, statistics show The rate of delinquency on credit card debt payments in Russia increased sharply in May, business daily Kommersant reported on Friday. Economists link the rise in overdue payments to the crisis period of 2022, when some Russians turned to credit cards to cover their expenses. This reportedly led to a surge in the number of cards issued. During the spring, Russian banks issued an average of 2 million credit cards per month, compared to less than 1.8 million per month in the same period last year, the outlet said, citing data from the credit history bureau.

Hence then, the article about credit card debt soaring in russia was published today ( Saturday 24/06/2023 - 11:04 AM ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Credit card debt soaring in Russia  )

Also on site :

• Gwyneth Paltrow’s surprisingly racy Oscars 2026 dress is slit all the way up the sides
• TIER IV unveils AI-based Level 4 autonomous driving, accelerating global platform expansion across Japan, U.S. and Europe
• Conan O’Brien Starts Oscars by Roasting Timothée Chalamet’s Ballet and Opera Controversy as Camera Cuts to ‘Marty Supreme’ Star Laughing