The Central Bank of Russia published an update on consumer credit cooperatives (CCCs) indicating that a new procedure for maintaining the state register of CCCs, together with additional requirements for firms working with maternity (family) capital, has increased market transparency and helped curb unfair practices. In 2025 Q1, the number of CCCs fell 6% to 1,247, with 86 cooperatives excluded from the register, including 45 removed for multiple legal violations. The Bank also reported far fewer cases of fictitious increases in the number of shareholders among cooperatives authorised to work with maternity capital, alongside a stabilisation in the number of CCCs active in that segment. Market activity continued to decline, with loan issuance falling for a third consecutive quarter to around RUB 13 billion and the total loan portfolio decreasing to RUB 45.6 billion. Concentration increased, with the top 50 CCCs accounting for 73% of the total loan portfolio.
Central Bank of Russia 2025-07-01
Central Bank of Russia says new CCC register procedure and maternity-capital requirements are reducing unfair practices
The Central Bank of Russia reported a 6% decline in consumer credit cooperatives (CCCs) to 1,247 in Q1 2025, with 86 removed for legal violations. New procedures for the state register and additional requirements for firms handling maternity capital have enhanced market transparency and reduced unfair practices. Loan issuance continued to decline, with the top 50 CCCs holding 73% of the RUB 45.6 billion total loan portfolio.