TOP 10 microfinance organizations by net profit ratio

ranking 12/01/2022

According to the Central Bank of the Russian Federation, during first 9 months of 2021, microfinance organizations issued microloans for a total of 440 billion RUB, which is 53% more than during first 9 months of 2020. This is a very high growth since the pandemic 2020, when the market of microcredit companies was virtually shrinking with a growing unprofitability. The restriction of microloan marginal rates planned in 2022 may lead to a reduction in the number of players in the market, which at the end of 2021 had just over 1,000 companies.

For this ranking the Information agency Credinform using the Globas System selected the largest microcredit companies (TOP 100 and TOP 10) in terms of annual revenue for the last reporting periods available in the state statistics bodies and the Federal Tax Service (2018 - 2020). They were ranked by net profit ratio (Table 1).

Net profit ratio (%) is calculated as the ratio of net profit (loss) to sales revenue and shows the level of profit from sales.

There is no standard value for this indicator. It is recommended to compare companies in the same industry, or to analyze changes in the coefficient over time for a specific company. Negative value of the indicator shows the presence of net loss, high value indicates effectiveness of the company's work.

It is necessary to pay attention to the entire set of indicators and financial ratios to get the most complete and fair presentation of enterprise's financial condition.

Table 1. Net profit, revenue, net profit ratio, Globas Solvency Index of microfinance organizations (TOP 10)
Name, INN, region Revenue, million RUB Net profit (loss), million RUB Net profit ratio, % Globas Solvency Index
2019 2020 2019 2020 2019 2020
1 2 3 4 5 6 7 8
MICROCREDIT COMPANY NALICHNYE ZAJMY LLC
INN 1903023650 Republic of Khakassia
up25,8 up34,5 up1,5 up1,7 up5,65 down5,07 271 Medium
MICROCREDIT COMPANY EXPRESS FINANCE LLC
INN 2801155708 Primorsk territory
up32,9 down29,9 down1,9 down1,5 down5,63 down4,93 292 Medium
MICROCREDIT COMPANY AGAR LLC
INN 5957017522 Perm territory
up41,7 down36,2 up0,9 up1,4 up2,15 up5,07 246 Strong
MICROCREDIT COMPANY TOYAN LLC
INN 7017444751 Tomsk region
up14,1 up34,3 down-2,5 up0,6 down-17,90 up1,85 316 Adequate
MICROCREDIT COMPANY DAYTONA GROUP LLC
INN 3123399990 Belgorod region
up21,8 down20,7 up1,1 down0,3 down4,94 down1,36 363 Adequate
MICROCREDIT COMPANY CYBERIAN GOLD LLC
INN 5405992480 Novosibirsk region
up25,2 down20,2 up0,8 down0,3 up3,18 down1,26 282 Medium
POKOLENIE LLC
INN 9710060106 Moscow
up0,0 up40,1 up0,1 down-0,1 up1 233,33 down-0,18 382 Weak
MICROCREDIT COMPANY FASTMONEY.RU LLC
INN 7805714988 Saint Petersburg
up258,1 down116,2 down-9,7 up-3,6 down-3,75 up-3,11 365 Adequate
MICROCREDIT COMPANY SIMPLEFINANCE LLC
INN 7703381419 Moscow
up829,2 down647,7 up3,0 down-136,6 up0,36 down-21,09 324 Adequate
MICROCREDIT COMPANY DELOVOE RESHENIE LLC
INN 9701118335 Moscow
up8,0 up19,1 up0,3 down-8,3 down3,82 down-43,45 384 Weak
TOP 10 average value up125,7 down99,9 up-0,3 down-14,3 up123,74 down-4,94  
TOP 100 average value up15,7 down12,4 up0,1 down-1,6 up-16,64 down-47,82
Industry average value up10,0 up11,3 down3,7 down-4,4 down37,40 down-38,79

вверх indicator improvement for the previous period, вниз indicator deterioration for the previous period

In 2020, average values of the net profit ratio of the TOP 10 companies exceed values of the TOP 100 companies and average industry values. Only three companies of TOP 10 improved their performance in 2020, while there were five such companies in 2019.

4 out of 10 companies increased revenue and/or net profit in 2020. At the same time, the average revenue of TOP 10 and TOP 100 decreased by 21%, and the industry average increased by 13%. The average loss of TOP 10 increased almost 48 times, for TOP 1000 it increased 17 times. On average, the industry's loss grew more than twice.

During the past 5 years, average industry values of the net profit ratio have deteriorated over three periods. The best value was achieved in 2017, and the worst result was shown in 2020. (Picture 1).

Picture 1. Change in average industry values of the net profit ratio in the market of loans provision in 2016-2020. Picture 1. Change in average industry values of the net profit ratio in the market of loans provision in 2016-2020.