In September, the number of borrowers with car loans overdue for up to 90 days reached 31.4 thousand people, the highest since November 2022. According to Kommersant, taking into account the measures of the Central Bank in the car loan market, banks They may stop lending to high-risk customers at high margins.
Author:
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According to data from United Credit Bureau (UCB), cited in the publication, the proportion of delinquent borrowers across all segments increased to 2% for the first time since 2018. Experts attribute the rise in delinquencies to the current rush of auto loans .
According to the analytical agency Frank RG, in September banks provided 173.8 thousand car loans worth 247.9 billion rubles – a record amount. However, in a context of high indebtedness among Russians, the level of approvals is falling: according to the National Bureau of Credit History (NBKI), in September it amounted to 22.4%, compared to 30% the previous year.
The Central Bank did not ignore the strong demand against a backdrop of high car prices and interest rates of up to 41% per year and announced its intention to introduce macroprudential limits on car loans. Experts believe that the restrictions will cool the segment of new loans, but loans issued during the peak period will remain in default.
Companies are also facing difficulties with payments. In 2024, the largest leasing companies in Russia increased the number of seizures of special equipment from small and medium-sized businesses due to the impossibility of fulfilling leasing contracts.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
