Translation. Region: Russian Federal
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
Mortgage microcredit companies (MCCs) will begin operating on October 22, 2025. They are created in accordance withby law, to implement state programs to expand housing affordability in the regions.
100% of the shares of such organizations will be owned exclusively by constituent entities of the Russian Federation. No more than one mortgage microfinance company may exist in any one region. The Bank of Russia will oversee them and maintain a list of such companies.
To adapt new market participants, the Bank of Russia established a moratorium on the application of a cap on the total cost of a loan by mortgage microfinance companies. The moratorium will be in effect until March 31 inclusive.
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