The percentage of overdue credit card loans has almost doubled since the beginning of the year, on the heels of last year’s credit boom, and the numbers are likely to go up, banking experts said.

The value of overdue credit payments in the private banking sector is growing rapidly since the beginning of the year, and over the first four months went up by almost 15 percent — 46 billion rubles ($1.4 billion) — bringing the total to almost 360 billion rubles, according to a report by the National Collection Service cited by news agency.

The most significant growth was seen in the credit card segment, with its overall share growing from 15 to 27 percent, the report said.

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Credit Card Debt Doubles | Business | The Moscow Times.

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