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According to the Bank of Russia, during the first decade of June the volume of loans to individuals in Russian banks grew by 0.2 percent. This is below the average growth rate before the pandemic (during the first quarter of this year – an average of 1.4 percent), but better than the April result, when there is a decrease in the retail loan portfolio by 0.7%.

In may banks issued 17% more credit cards than in April – about 335 thousand, according to preliminary data of the joint credit Bureau (OKB). The total limit of credit cards in comparison with April increased by 12 percent, to 22.8 billion rubles. But in comparison with the March issue the may have less to 59 percent by quantity and 62 on the volume.

“the credit card Segment during the crisis fell by more than cash loans, because banks see it as a higher risks, – said General Director of OKB, Artur Alexandrovich. – Though the issuance in may recovered somewhat, but they’re still 2.5-3 times less than it was in may last year. In addition, banks continued to reduce available to the borrowers the credit limit for the quarantine period it has declined by about 7 percent, to 68 thousand rubles.”

Also in may significantly decreased the full cost of the loan. This may indicate that the banks are now giving preference to the most reliable borrowers, the expert added.

In June, banks say demand for loans, mostly associated with the beginning of the program of state support in the new environment. Thus, VTB for the first half of June increased by the issuance of loans compared to the same period in may to 3.3 times. Of the 2.2 billion rubles under the program of state issued 670 million. The program provides a 10 percent discount of the cost of a new vehicle.

“the Demand for cars is gradually recovering from the effects of the pandemic. In may, the increase in the volume of car loans issuance in comparison with April have doubled by the end of June the number of transactions on purchase of cars on credit in comparison with may, could increase by more than half, – predicts the head of the organization of loan sales – Vice-President VTB Vladimir Vysotsky. – We now see that in June the demand has caught up with the level of March – the period before the introduction of restrictive measures. In the future, we expect the scenario is optimistic and that in many ways, this will contribute to the updated state program of car loans – today she takes one-third of the total volume of our sales”.

In a Rusfinance Bank to note that in the new format of the state program of preferential car loans make very flexible to the clients requirements. “We expect that the updated state program taking into account current rates for car loans will effectively support the demand in the coming months on the carmobile and range markets”, – said the Chairman of the Board of Rusfinance Bank Sergey Ozerov.

Such expectations can be carried out: the survey showed GCF Bank, 80 percent of Russians planning to buy a car, intend to commit it in the course of the year. “On the one hand, the pandemic coronavirus has shaken the well-being of Russians, and on the other gave to understand that owning a car is a question of personal security and freedom of movement, – noted the member of the management Board, Director of retail business development Bank GCF Marina Dembitsky. – Ahead of the summer and autumn, periods of leave, but in the circumstances, the Russians are unlikely to leave the country for vacation, so the rate will be made including domestic tourism and car travel”.