25.04.2016, 15:32
Russia's Crowdfunding/Crowdinvesting Market: 2015 Outcome
OREANDA-NEWS. The Bank of Russia has held a new questionnaire among crowdfunding/crowdinvesting platforms. According to the answers from eight companies covered by the questionnaire, the total volume of personal loans (p2p) made via these platforms equalled RUB 52.2 million in 2015, of which RUB 45.8 million was made up by loans below RUB 30 thousand. The total amount of lending portfolios is RUB 167.8 million.
In 2015, the average loan provided using the infrastructure of the surveyed platforms was RUB 18.3 thousand per one borrower. Overall, in 2015 2,850 individuals received loans, 2,460 persons granted loans, of which 662 individuals (26.9%) did it for the first time.
The p2p market is characterised by high concentration - in 2015, one surveyed platform accounted for 60.6% of issued loans and 91.9% of the total lending portfolio. The bigger portion of loans issued via this platform was represented by large-value loans, from RUB 500 thousand to RUB 1 million. Besides, 76% loans processed by the infrastructure of this platform fell on repeat borrowers.
In 2015 Q4, the surveyed companies were joined by large crowdinvesting (p2b) platforms with the total volume of lending reaching RUB 111.3 million last year.
The survey conducted by the Main Office of Microfinance Market and Financial Inclusion Methodology registered an increase in the volume of lending in this market. Considering the growth in the number of individuals and legal entities involved in this business, the Bank of Russia, apart from the questionnaire, held several meetings with market representatives to identify development trends, assess risks and work out methodology for the regulation of crowdfunding/crowdinvesting activities. The regulator drew the market players' attention to the importance of proper customer identification and the adequacy of scoring procedures applied both to borrowers and creditors. Meeting participants also pointed to the importance of efforts to upgrade investors' qualification and to introduce investor selection criteria for crowdinvesting projects.
The Bank of Russia will maintain an ongoing monitoring of crowdfunding/crowdinvesting platforms and will expand the list of surveyed players.
This year may already see the start of the accumulation of proposals on the regulation of this market and formulation of requirements for the platforms.
In 2015, the average loan provided using the infrastructure of the surveyed platforms was RUB 18.3 thousand per one borrower. Overall, in 2015 2,850 individuals received loans, 2,460 persons granted loans, of which 662 individuals (26.9%) did it for the first time.
The p2p market is characterised by high concentration - in 2015, one surveyed platform accounted for 60.6% of issued loans and 91.9% of the total lending portfolio. The bigger portion of loans issued via this platform was represented by large-value loans, from RUB 500 thousand to RUB 1 million. Besides, 76% loans processed by the infrastructure of this platform fell on repeat borrowers.
In 2015 Q4, the surveyed companies were joined by large crowdinvesting (p2b) platforms with the total volume of lending reaching RUB 111.3 million last year.
The survey conducted by the Main Office of Microfinance Market and Financial Inclusion Methodology registered an increase in the volume of lending in this market. Considering the growth in the number of individuals and legal entities involved in this business, the Bank of Russia, apart from the questionnaire, held several meetings with market representatives to identify development trends, assess risks and work out methodology for the regulation of crowdfunding/crowdinvesting activities. The regulator drew the market players' attention to the importance of proper customer identification and the adequacy of scoring procedures applied both to borrowers and creditors. Meeting participants also pointed to the importance of efforts to upgrade investors' qualification and to introduce investor selection criteria for crowdinvesting projects.
The Bank of Russia will maintain an ongoing monitoring of crowdfunding/crowdinvesting platforms and will expand the list of surveyed players.
This year may already see the start of the accumulation of proposals on the regulation of this market and formulation of requirements for the platforms.
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