There is a boom in vehicle loans in Russia 13:04

Russians are actively taking out car loans. The vehicle loan market in the country has already approached 2 trillion rubles. writes about this RIA News Referring to the head of the analytical department of BKF bank Maxim Osadchy.

Earlier in the spring, Russian banks approved 1.82 trillion rubles of auto loans. The analyst stated that the loan volume increased almost 1.5 times in the last 12 months.

Osadchiy emphasized that the Russian auto loan market is experiencing a real boom. The expert admitted that such dynamics may be associated with the cooling of the mortgage market.

Average cost of cars shown as vehicle loan collateral for the first time in 2024, exceeded 1 million ruble sign. Among the reasons for the increase in the average cost of coverage is the general increase in second-hand vehicle prices. In the first quarter, the price of second-hand cars in Russia increased by 1.55% compared to the previous quarter.

previously banker explainedWhy is loan demand not falling in Russia?

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Source: Gazeta

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