IDF Eurasia, the leader of the online lending market in Russia and Kazakhstan, announces its successful completion of 2019* in the Russian line-of-business, where the group is widely known as Moneyman:
— revenue increased to 6.6 billion rubles;
— net profit increased to 726.5 million rubles, that is 11% of total revenue;
— ROE indicator reached 65.8%;
— volume of loans issued is close to 10 billion rubles;
— net loan portfolio reached 2 billion rubles.
Boris Batine, co-founder of IDF Eurasia, commented on the growth of all key indicators:
“The company’s traditional strengths — extensive long-term expertise in alternative lending, a focus on technological approach, and high performance – have contributed to achieving such high results.
In addition, one of the fundamental principles of the company was and still is a user — oriented approach, as well as continuous improvement of services. This allowed us to increase the base of registered customers of IDF Eurasia in Russia to 5.5 million people, which is 1.2 million more than in 2018. To date, the weekly growth of customers is more than 23.5 thousand people.
Another significant milestone in 2019 was the awarding of ruBB+ credit rating by RA Expert to Moneyman, which is the best rating among all microfinance organizations in Russia. The Rating Agency noted the company’s strong competitive position in the microloan segment, maintaining high profitability and a significant stock of liquid assets. Significant support for the rating was also provided by the revision of the scoring model, which made it possible to increase the efficiency of debt collection and increase the business scale without increasing the default rate of microloans.
IDF Eurasia is fully prepared for new challenges caused by the collapse of financial markets and the spread of COVID-19. We ensure business continuity, including through external funding. For example, in March, bonds worth 500 million rubles were successfully placed. As for technical aspects, we are very flexible, thanks to the developed IT infrastructure, the company always quickly adapts to changing market conditions.
In addition, we adhere to a socially oriented approach. In particular, we are ready to individually meet the needs of customers whose financial situation got worse due to the epidemic. We have also established cooperation with charitable organizations, which provides assistance to elderly citizens who are in isolation.”
*According to the audited annual statements under RAS of LLC “Microfinance company “Moneyman”.