In October, Russian banks issued 100.9 thousand car loans, which is 19.6% less than the previous year and 5.3% lower than the result of September, according to the National Bureau of Credit History (NBKI). Experts attribute the decrease in issuances to the tight monetary policy of the central bank, to the high rates and restrictions on the debt burden index. Against this background, the credit institutions maintain a weak risk appetite and increase the requirements for the borrowers' credit history.

In October, Russian banks issued 100.9 thousand car loans, which is 19.6% less than the previous year and 5.3% lower than the result of September, according to the National Bureau of Credit History (NBKI). Experts attribute the decrease in issuances to the tight monetary policy of the central bank, to the high rates and restrictions on the debt burden index. Against this background, the credit institutions maintain a weak risk appetite and increase the requirements for the borrowers' credit history.