Page 73 - RusRPTDec23

needs is growing, while for large purchases, on the contrary, is decreasing, market participants say.
Raising the key rate and tightening the monetary policy of the Central Bank does not directly affect the MFO market, because pricing is structured differently there. To slow down the growth of the microloan portfolio, the Central Bank is taking other measures - it has tightened the requirements for the share of risky loans in issues, reduced the maximum rate on microloans from 1% to 0.8% per day, and the maximum amount of all overpayments - to 130%.
The Central Bank’s measures are working, market participants admit: the share of borrowers with a high debt burden is already declining, but the growth of the microloan portfolio still continues.
73 RUSSIA Country Report December 2023 www.intellinews.com