Financial News: Microloan Market Returns to Growth with More Affordable Loans

Translation. Region: Russian Federal

Source: Central Bank of Russia –

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The market driver in Q2 2025 was loans with a moderate interest rate, where the total cost of credit (TCC) does not exceed 100% per annum. First of all, this is the issuance of new tranches within previously opened credit lines for the purchase of goods on marketplaces and online retail outlets. At the same time, the share of the most expensive loans decreased to 47.6%, falling below half of quarterly consumer loans issued by microfinance organizations (MFOs) for the first time.

The volume of loans issued by microfinance organizations associated with the largest marketplaces and non-banking settlement credit organizations once again exceeded the figures of independent microfinance organizations, which, on the contrary, have been declining in loans for the second quarter in a row.

The quality of the MFI loan portfolio has worsened in both the business and consumer loan segments: the level of overdue loans over 90 days has increased after a long decline. The main reason was the maturing of overdue loans on consumer loans issued in Q4 2024 and Q1 2025. Only 11% of the volume of loans issued during this period ended in full repayment, with clients not taking out new loans. Almost half of the loans were issued to borrowers who, after repaying one loan, took out a new one and fell into a debt spiral, and in 20% of cases, their debt increased. Among loans with overdue payments, in every fourth case, borrowers failed to cope with the debt burden on the first payment. On the one hand, this indicates excessive indebtedness of citizens, and on the other, the continued increased risk appetite of MFIs.

The introduction of a new system of credit will help reduce the debt burden of citizens the obligation to take into account only the official income of the borrower when assessing his debt burden, and also limiting the number of expensive loans in operation at the same timeand establishing a cooling-off period between them.

Read more in"Trends in the MFI market for the second quarter of 2025".

Preview photo: YesPhotographers / Shutterstock / Fotodom

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Financial news: 08/26/2025 JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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Parameters;

Date of the deposit auction 08/26/2025. Placement currency RUB. Maximum amount of funds placed (in the placement currency) 175,000,000. Placement term, days 29. Date of depositing funds 08/26/2025. Date of return of funds 09/24/2025. Minimum placement interest rate, % per annum 17. Terms of the conclusion, urgent or special (Urgent). Minimum amount of funds placed for one application (in the placement currency) 175,000,000. Maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 10:30 to 10:40. Competitive bids from 10:40 to 10:50. Setting the cutoff percentage or declaring the auction invalid before 11:30. Additional terms.

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Financial news: Over a thousand bonds will become available to investors at evening trades on the Moscow Exchange

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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From August 26, 2025, during the evening trading session of the Moscow Exchange stock market, investors will be able to make transactions even with 987 bonds, including corporate and municipal bonds.

The total number of bonds available in the evening period will reach 1,320.

In addition to bonds, trading participants and their clients can conduct transactions with shares and fund units during evening trading.

Private investors are the main participants in the evening trading session, accounting for about 70% of the total volume of transactions in evening trading. Since the beginning of 2025, individuals have invested 1.25 trillion rubles in bonds on the Moscow Exchange, which is twice as much as in the same period last year.

Corporate bonds became available at evening trading from May 20, 2025.

Evening trading gives investors the opportunity to make deals at a time convenient for them. The evening session begins with the opening auction (from 19:00 to 19:05), trading takes place from 19:05 to 23:50.

General list of tools, available at evening trading on the stock market, is posted on the Moscow Exchange website.

Moscow Exchange is the largest Russian exchange, the only multifunctional platform in Russia for trading shares, bonds, derivatives, currencies, money market instruments and commodities. The Moscow Exchange Group includes a central depository, as well as a clearing center that performs the functions of a central counterparty in the markets, which allows Moscow Exchange to provide clients with a full cycle of trading and post-trading services.

Contact information for media 7 (495) 363-3232Pr@moex.kom

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Financial news: 08/25/2025, 12:53 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the SU26231RMFS9 security (OFZ 26231) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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08/25/2025

12:53

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on August 25, 2025, 12:53 (Moscow time), the values of the upper limit of the price corridor (up to 18:18) and the range of market risk assessment (up to 207.81 rubles, equivalent to a rate of 60.0%) of the SU26231RMFS9 security (OFZ 26231) were changed.

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Chairman of the NPC Standing Committee calls for strengthening Chinese-Russian inter-parliamentary cooperation

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, Aug. 25 (Xinhua) — Zhao Leji, chairman of the Standing Committee of the National People's Congress of China (NPC), on Monday called on the NPC and the Federal Assembly (parliament) of the Russian Federation to make full use of cooperation mechanisms and platforms and steadily strengthen exchanges and cooperation.

Zhao Leji made the corresponding call at the 10th meeting of the China-Russia Inter-Parliamentary Commission on Cooperation in Beijing, which he held jointly with the Chairman of the State Duma (lower house of parliament) of the Russian Federation Vyacheslav Volodin.

As Zhao Leji noted, under the strategic leadership of the two heads of state, the China-Russia comprehensive strategic partnership of coordination in the new era has consistently maintained the momentum of healthy, stable and high-level development.

According to him, facts show that Chinese-Russian cooperation has complementary advantages and great potential, representing a strategic choice of both sides based on the national development and rise of each country.

Recalling that this year marks the 20th anniversary of the establishment of the China-Russia Inter-Parliamentary Cooperation Commission, Zhao Leji announced the intention of the NPC, together with the Federal Assembly of the Russian Federation, to take the implementation of important agreements between the leaders of the two countries as a fundamental guideline, make full use of cooperation mechanisms and platforms, consistently strengthen exchanges and cooperation, and promote the in-depth development of China-Russia relations of comprehensive partnership and strategic interaction in the new era.

He called on the two sides to maintain the positive momentum of close exchanges, strengthen mutual understanding and trust, and consolidate the political foundation of mutual support, unity and cooperation.

Zhao Leji pointed out that it is necessary to expand the content and forms of institutional exchanges to meet the needs of the development of China-Russia relations in the new era. He noted that the legislative bodies of China and Russia should also learn from each other's experiences in such aspects as governance, lawmaking and supervision to support the development and rise of their countries.

In addition, the NPC Standing Committee chairman called for close communication and coordination within the framework of multilateral mechanisms, resolutely upholding the results of the victory in World War II, continuing to uphold the correct approach to the history of that war, upholding the international system with the UN at its core, putting true multilateralism into practice, and promoting the building of a community with a shared future for mankind.

V. Volodin, for his part, noted that the Russian State Duma intends to strengthen friendly exchanges with the NPC, focus on implementing the important consensus of the heads of the two states, and use the role of the mechanism and platform of the Russian-Chinese Interparliamentary Commission on Cooperation to make a contribution of legislative bodies to promoting Russian-Chinese cooperation in all areas, optimizing the business environment, deepening cultural and humanitarian exchanges, jointly upholding the correct approach to the history of World War II and protecting multilateralism. –0–

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Iranian President Confirms No Aspirations for Nuclear Weapons in Phone Call with Putin

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

TEHRAN, Aug. 25 (Xinhua) — Iranian President Masoud Pezeshkian reiterated during a telephone conversation with his Russian counterpart Vladimir Putin on Monday that Iran has no aspirations to acquire nuclear weapons, the Iranian presidential office said in a statement.

M. Pezeshkian promised to personally oversee the progress of the accelerated construction of the Rasht-Astara railway, which is a key link in the International North-South Transport Corridor, which connects the Persian Gulf with Russia and Central Asia, as well as other bilateral projects.

The Iranian President also stressed the role of multilateral platforms such as the Eurasian Economic Union, the Shanghai Cooperation Organization and BRICS in strengthening cooperation among member states to counter unilateralism.

V. Putin, for his part, informed M. Pezeschkian about the main aspects and results of his recent talks with US President Donald Trump in Alaska, noting that these talks had produced positive results that could contribute to the settlement of the conflict in Ukraine.

In addition, V. Putin reaffirmed Russia's firm support for Iran's right to enrich uranium, calling it a vital element of bilateral cooperation. –0–

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Breaking News: Fire and Explosions Occur at Warehouse in Hamburg, Germany

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BERLIN, Aug. 25 (Xinhua) — A major fire broke out at a warehouse in the northern German city of Hamburg on Monday afternoon, causing explosions and sending thick smoke into the sky. More than 100 firefighters have been dispatched to the scene, and the number of casualties has not yet been determined, local authorities said. -0-

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China issues directive to promote low-carbon transition, strengthen nationwide carbon trading market

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, Aug. 25 (Xinhua) — Chinese authorities have released a policy document to accelerate the country's transition to a green and low-carbon economy and strengthen the construction of a nationwide carbon trading market.

The directive was jointly issued by the General Office of the CPC Central Committee and the General Office of the State Council.

According to the document, by 2027, the country's carbon trading market will cover all major industrial sectors that emit emissions, and the nationwide voluntary greenhouse gas emissions trading market will cover all key sectors.

In addition, the document notes that by 2030, China will have practically created a nationwide carbon trading market based on quota control and combining free and paid distribution. By the same year, the formation of a nationwide voluntary greenhouse gas emission trading market will be completed, which will be reliable, transparent, unified, widely accessible and in line with international standards.

By then, the country is expected to have achieved significant results in reducing emissions, improved its regulatory framework and established a carbon pricing mechanism with reasonable prices. –0–

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Lee Jae-myung visits Japan as 'pioneer' of US-Japan-ROK military cooperation – KCNA

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

PYONGYANG, Aug. 25 (Xinhua) — Pyongyang on Monday criticized South Korean President Lee Jae-myung's visit to Japan on Aug. 23, calling it a "pioneer" in military cooperation between Washington, Tokyo and Seoul.

Lee Jae-myung's visit to Japan and his meeting with Prime Minister Shigeru Ishiba in Tokyo on August 23 marked a departure from the diplomatic practice of his predecessors, whose first overseas visits after taking office were to the United States, the Korean Central News Agency (KCNA) reported in a commentary on Monday.

According to the KCNA article, Lee Jae-myung's visit is aimed at showing Washington "his firm stance in prioritizing the ROK-Japan relations" and strengthening these relations as "the axis of the US-Japan-ROK trilateral military alliance," which will further escalate the regional security crisis.

The publication notes that “the structure and functions of the aggressive US-Japan-ROK trilateral military alliance will be further expanded by strengthening cooperation between the ROK and Japan, and this will have a serious impact on the situation on the Korean Peninsula and Northeast Asia.”

Highlighting the risk created by the ROK-Japan summit, the authors of the article pointed out that the agenda of Lee Jae-myung's meeting with S. Ishiba indicates "the two countries' intention to actively participate in the implementation of the US Indo-Pacific strategy."

“This foreshadows the emergence of even more catastrophic security conditions in the near future,” the article says.

"The DPRK will not remain a passive observer of the alarming situation created by the US and its followers in their quest for hegemony," KCNA warned. -0-

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Representatives of Ukraine and the United States will discuss the possibility of holding Ukrainian-Russian peace talks at the end of this week – V. Zelensky

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

KYIV, Aug. 25 (Xinhua) — Ukrainian and American teams will meet at the end of this week to discuss the possibility of holding peace talks between Ukraine and Russia. Ukrainian President Volodymyr Zelensky made this statement at a press conference in Kyiv on Monday, Interfax-Ukraine reports.

According to V. Zelensky, later on Monday he will meet with the US President's special envoy Keith Kellogg to discuss this issue, and on August 27, talks between national security advisers will take place.

The Ukrainian leader noted that official Kyiv, together with its partners, is working on a basic plan for providing Ukraine with security guarantees. After that, the country would like to understand whether Moscow is ready to support the US proposal to hold first a bilateral and then a trilateral meeting, V. Zelensky added. –0–

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