In 2021, the stabilization of the macroeconomic situation fueled growth of both the microfinance market and the performance of microfinance institutions. In the meantime, the high level of borrowing and the aggravation of geopolitical risks in 2022 force the Bank of Russia to draft further...

The imposition of anti-Russian sanctions had almost no effect on the activities of microfinance organizations (MFOs) and despite the slowdown in the growth rate of the total portfolio and the growth of funding costs the profitability and net income of MFOs hit all-time high levels over the past...