16:36, 10 June 2020
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1077 views
Use of credit cards reduced dramatically
According to the NBCH, the number of credit cards in Russia, the holders of which used credit limits in April 2020, reduced to 47.4%, down 5.7% as compared to March (53.1%).Compared to the same period last year, the credit utilization ratio in April 2020 decreased even more significantly (down 6.8% compared to 54.2% in April 2019). The decrease of this indicator in April turned out to be comparable with the drop registered in the crisis-affected Q1 2015, when the limit utilization ratio also fell to 47.4%.
In April 2020, the lowest credit utilization ratio (among 30 regions with the largest number of active credit cards) was demonstrated by Moscow (36.2%), St. Petersburg (41.7%), Moscow Region (42.4 %), the Khanty-Mansi Autonomous Okrug (43.3%) and the Samara Region (44.9%). In turn, the highest credit utilization ratio among the top 30 regions was recorded in the Irkutsk region (58.3%), as well as in Stavropol (54.0%), Primorsky (53.1%), Khabarovsk (52.8%) and Krasnoyarsk (52.8%) regions.
Against March 2020, the credit utilization ratio was decreasing most dynamically in April 2020 in Moscow (-8.6%), St. Petersburg (-6.7%), and Moscow Region (-6.4%) among the 30 regions with the largest number of active credit cards.