In Russia, lending is declining

November 6. /MEDIA TALK/. The total volume of car loans issued in October 2024 amounted to 167.7 billion rubles, which is 32% less than in September. Such data is provided by Frank RG analysts. Experts note the impact of increased demand in previous months, as well as a multiple increase in the recycling fee since October 1, which suppliers of imported cars are required to pay.


Photo: ru.freepik.com

The Central Bank's measures to curb consumer demand also had an impact.

Recall that at the September meeting of the board of directors, the regulator raised the key rate to 19%, and at the end of October to 21%. This directly affected the conditions of commercial banks. So, according to the Bank. In September, the interest rates on car loans in large banks reached 40% per annum.