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

Published by A. Melkadze, Apr 23, 2021
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 view of the coronavirus (COVID-19) n Russia in March 2020, by bank

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Release date

March 2020

Region

Russia

Survey time period

March 2020

Supplementary notes

* Relative to previous weeks.

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