Expert RA rating Agency has prepared rankings of microfinance organizations as of July 1, 2020.
According to the results of research, IDF Eurasia (Moneyman brand) established itself as a leader in the market of alternative lending services in the Russian Federation, entering Top 3 in a number of indicators such as:
— the volume of issued microloans in the 1st half of 2020 — 5.4 billion rubles (+14% in annual terms);
— portfolio of pay-day loans as of July 1, 2020 – 3 billion rubles;
–the volume of pay-day loans in the 1st half of 2020 — 3.9 billion rubles.
Company is in Top 5 for the following indicators:
— the volume of consumer microloans in the 1st half of 2020 — 1, 5 billion rubles (+242% in annual terms);
— the total volume of the microloan portfolio as of July 1, 2020 – 4.3 billion rubles (+4% in annual terms).
According to Expert RA assessment, portfolio of microloans reduced to 231-215 billion rubles compared to the beginning of the year due to temporary suspension in several Russian regions and caution of market participants in risk appetites at the peak of the crisis in the 2nd quarter of 2020.
More than half of commercial MFIs included in the ranking showed a reduction in such indicators as the portfolio and the volume of issued microloans. Experts associate this trend to tightening of loan policies and decrease in economic activity.
It is also noted that in July and August, the rate of exclusion of MFIs from the state register accelerated. As of August 18, 2020, it included 1,594 companies. According to Expert RA forecasts, if this trend continues, the state register may have only 1,000 participants by the middle of next year. In total, 114 players left this register in the first half of 2020.