The analysis of the status and dynamics of consumer crediting in Russia

Consumer credit is a quite popular banking product among Russian citizens. The purchase of housing, loans, credits for urgent needs and loans for various goods and services - these help people to maintain a decent standard of living and to meet their needs. This type of lending is one of the main sources of interest income for Russian banks, but it also carries certain risks. Chief among them is the risk of non-solvency. Despite this lending contributes to the development of not only banking sector but the economy as a whole. In 2014-2015, the Russian economy experienced some economic difficulties associated with foreign economic sanctions and the instability of the ruble.In this article the issues associated with determining the place of consumer credit in the credit system of the Russian Federation. It focuses on the viewpoint, according to which consumer credit is an important component for the development of the economy and the banking system, and also serves to improve the well-being of citizens. In the context of categories secured and unsecured loans analysis of the performance and development trends of this type of lending.