Car credit volume growth during COVID-19 in Russia 2020, by bank

Published by A. Melkadze, Apr 7, 2020
In response to a demand growth on car loans, most banks in Russia increased the volume of credit supply for such purposes. In Rusfinance Bank, which saw the highest demand growth over the period under consideration, the loan volume rose by 60 percent, while BMC Bank increased the provided volume by 90 percent in monetary terms.

Growth in car loans provided during the coronavirus (COVID-19) in Russia from February to March 2020, by bank*

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Release date

March 2020

Region

Russia

Survey time period

February to March 2020

Supplementary notes

* In monetary terms; relative to the equivalent period of previous year.
** In the range between 25 and 30 percent.

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