According to the National Rating Agency (NRA), IDF Eurasia Group (Moneyman) has become a leader in a number of key indicators in 2Q 2019, significantly increasing its position in comparison with the same period in 2018. Now the company is in Top 3 in terms of loan portfolio volume, which amounted to 5.4 billion rubles (32% increase), and Top 3 in PDL segment with 4.1 billion rubles (43% increase).
Authors of the study note that microfinance segment outperformed the banking sector in lending to individuals in 2019. In addition, the growth rate of loans to small and medium businesses is supported by high demand. At the end of 4Q 2019, the SMEs’s share in the total loan portfolio reached 17%.
“Development of SME lending is one of the growth points that we now see in the current reality. There is a certain category of businessmen, who either do not fall under state support measures, or these measures are not enough for them. And some people does not have a Bank branch in villages at all. This is potentially a very good time to start working with this segment, but, of course, you need to carefully analyze the risks. We have well — established scoring mechanisms and successful experience in risk management, particularly in the 2014 crisis,” commented Boris Batin, co-founder of IDF Eurasia.
The ranking was prepared by the NRA and verified by the National Association of microfinance market participants (NAMMP) based on a survey of microfinance and micro-credit companies based on their performance in 4Q 2019.