OREANDA-NEWS By the end of May, the average amount of car loans issued in Russia increased by 1.2 percent compared to April and reached the level of 1.42 million rubles. This is reported in a press release from the National Bureau of Credit Histories (NBKI).

For comparison, in April, the average amount of car loans issued in the country was 1.4 million rubles. Thus, the indicator increased by 20 thousand rubles in a month. In annual terms, the increase amounted to 50 thousand rubles, or 3.3 percent, analysts summarized.

At the same time, the May result fell short of the levels at the beginning of the year. So, in January, the average amount of car loans issued was 1.44 million rubles, in February — 1.46 million, and in March returned to 1.44 million. In the second half of 2023, the values were also significantly higher. For example, in September the figure was 1.51 million, and in October it was 1.53 million, experts concluded.

Earlier, NBKI Director Alexey Volkov predicted the continued high demand of Russians for car loans under the remaining preferential programs. At the same time, as he clarified, Russian banks will issue such loans only to customers with a high personal rating. Such a strategy will be driven by the desire of financial institutions to reduce potential risks.