COVID-19 promoted car credit demand in Russia 2020, by bank

The Russian ruble depreciation, greatly influenced by the COVID-19 pandemic and the oil price crisis, generated an increased demand on consumer credit in Russia in March 2020. Over the last weeks, financial institutions noted significant demand growth on car loans as well. Rusfinancebank recorded the highest demand growth at 30 percent for such purposes over the observed period.

Demand growth* on car loans in the view of the coronavirus in Russia in March 2020, by bank

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Sources

Release date

March 2020

Region

Russia

Survey time period

March 2020

Supplementary notes

* Relative to previous weeks.

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Statistics on "Coronavirus (COVID-19) in Russia"

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