The amount of loan against property in rubles has reached 323.1 billion (about $49 billion) in Russia, showing an increase of 48.8 percent during the first quarter compared to the same period the previous year.
According to data announced by the Central Bank of Russia, though the amount of ruble-based loan against property reached 323.1 billion rubles, it was stressed that the aforementioned amount had reached a record-breaking 333.1 billion rubles during the first quarter of 2014. The announcement indicates that the amount of loan against property in March dropped to 118.9 billion rubles, decreasing by 16.6 percent compared to February, and the amount of outstanding debts mounted up to 43 billion rubles with an 8.9 percent increase during the first quarter compared to the same period last year.
According to data announced by the Russian Federal State Statistics Service in March, the expandable real income in Russia decreased by 6.9 percent in February compared to the same period of the previous year.
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