Bank of Russia and Russian Small and Medium Business Corporation to exchange information on government-owned MFOs

JSC Russian Small and Medium Business Corporation will get access to the Bank of Russia's analytics and statistics on this category of microfinance organisations (MFOs). This will help rank government-owned MFOs more efficiently. Based on this ranking, MFOs receive additional budget support to subsidise lending to SMEs. The Corporation will in turn provide the Bank of Russia with the results of the ranking and government-owned MFOs' weekly reporting. The regulator will use these data to enhance the efficiency of risk management at these organisations, among other tasks.

As of the end of 2023, the SME loan portfolio totalled ₽80 billion, with government-owned MFOs still accounting for the largest part of the segment's portfolio, specifically 87%.