Translartion. Region: Russians Fedetion –
Source: Central Bank of Russia –
The loan portfolio of microfinance organizations reached 624 billion rubles last year, growth stimulated by increased consumer demand.
More than half of the loans were medium-term, the total cost of the loan for them was close to bank rates. Such loans were issued, among other things, for the purchase of goods on marketplaces. The share of the most expensive short-term loans “until payday” fell from 34 to 25% over the year.
The industry’s profit decreased by 7% and amounted to 36 billion rubles. At the same time, against the backdrop of restrictions on the full cost of credit and macroprudential limits, companies increased their income from additional areas of activity, which accounted for more than a quarter of all industry income.
Read more in“Review of key indicators of microfinance institutions” for the fourth quarter of 2024.
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