The Central Bank of Russia published its Review of Key Indicators of Microfinance Organisations for 2025 Q1, noting early signs of a slowdown in microfinance lending as higher interest rates and macroprudential limits contributed to more balanced portfolio growth. In 2025 Q1, the value of loans issued by microfinance organisations (MFOs) slipped to RUB 497 billion, while total outstanding loans increased by 10% to RUB 688 billion. The share of loans overdue for more than 90 days continued to decline, while the share of loans overdue for less than three months rose. Profit fell to RUB 13 billion, and MFOs increased income from non-core activities to support profitability, alongside a decrease in client complaints about coercive tied selling.
Central Bank of Russia 2025-06-26
Central Bank of Russia reports microfinance lending edged down in 2025 Q1 as portfolios rose to RUB 688 billion
The Central Bank of Russia's Q1 2025 review indicates a slowdown in microfinance lending due to higher interest rates and macroprudential limits. Loans issued by microfinance organisations decreased to RUB 497 billion, while outstanding loans rose by 10% to RUB 688 billion. Profit fell to RUB 13 billion, with MFOs boosting income from non-core activities and reducing client complaints about coercive tied selling.