Translation. Region: Russian Federation –
Source: Central Bank of Russia
An important disclaimer is at the bottom of this article.
In the third quarter of 2025, the volume of loans issued by consumer credit cooperatives (CCCs) increased for the first time since the beginning of the year (35% compared to the previous quarter). Consumer loans issued were almost seven times higher than in the same period last year, and the total number of shareholders increased to 498,000.
The overall market loan portfolio increased slightly. The exclusion of a large number of cooperatives from the state register for violating legal requirements, as well as the rapid turnover of short-term loans, were constraints.
The increased activity in the credit union sector is driven by this year's tightening of microfinance regulation, including the introduction of macroprudential limits on car loans for microfinance organizations and a requirement to verify the presence of self-exclusions when issuing loans. Against this backdrop, companies are exploring the possibility of diversifying their businesses. The Bank of Russia is constantly monitoring emerging market practices. If instances of unfair use of regulatory arbitrage are identified, the Bank of Russia will take measures to prevent them.
Read more in the review Trends in the Consumer Credit Cooperative Market.
Preview photo: P Maxwell Photography / Shutterstock / Fotodom
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.