This article examines the development of the credit market of the Russian Federation in 2021–2025. The paper substantiates the idea that during the period under review the credit market maintained its important role in financing organizations and households; however, its expansion was accompanied by stronger cost constraints and higher requirements for the quality of the loan portfolio. The article compares lending conditions for non-financial organizations and individuals and analyzes the dynamics of interest rates, overdue debt, and household debt in relation to real disposable income. Particular attention is paid to the high cost of borrowed resources, limited access to credit for certain groups of borrowers, and risks associated with the household debt burden. The author concludes that the further development of the credit market should be connected not only with an increase in lending volumes, but also with improving the stability of the loan portfolio, ensuring more targeted support, developing guarantee mechanisms, and enhancing credit risk assessment.
credit market of the Russian Federation, bank lending, cost of borrowed resources, corporate lending, retail lending, credit risk, debt burden
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