Subject The paper considers the issues of credit development in modern conditions. Objectives The paper aims to analyze the characteristics and trends of credit development in the modern world economy in light of accountability and accounting application in the practice of Russian lending. Methods Consideration of bank credit is the basis of the study. The basis for the empirical illustration is Germany with the subsequent interpretation of the features of a bank loan in Russia. Results Being one of the main sources of economic growth, credit forms under its influence. There is a number of established trends in crediting, however, there are changes in the principles of credit: payment, security, urgency etc. Economy digitization has become a driver in development of new types and methods of crediting. Credit relations in Russia follow the same tendencies as other countries. Consumer loan is still playing a significant role, with growth rates far exceeding corporate loans. Conclusions and Relevance At this time we need to pay more attention to the features and trends in credit development in Russia. We should prepare to minimize the risks that will undoubtedly follow, if the interest rate decreases and the security requirements for the loan drop.
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