Information agency Credinform presents a ranking of the Russian companies in the field of consumer lending. The largest companies engaged in providing consumer loans (TOP 10 and TOP 100) in terms of annual revenue for the last reporting periods available in the state statistics bodies and the Federal Tax Service (2018-2020) were selected for the ranking. They were ranked according to return on costs ratio (Table 1). Selection of companies and analysis were carried out on the basis of data from the Information and Analytical system Globas.
It is necessary to pay attention to the entire set of indicators and financial ratios to get the most complete and objective picture of enterprise's financial condition.
|Name, INN, region||Revenue, million RUB||Net profit, (loss), million RUB||Return on costs, %||Globas Solvency Index|
|MAENA AGRICULTURAL CONSUMER CREDIT COOPERATIVE
INN 1426006109 Sakha Republic (Yakutia)
INN 7838513677 Saint Petersburg
|LLC MICROCREDIT COMPANY VDM-FINANCE
INN 3123328823 Belgorod Region
|CREDIT CONSUMER COOPERATIVE CREDIT-SERVICE
INN 2207008793 Altai Territory
|LLC MICROCREDIT COMPANY BYUROFINPOMOSHI
INN 3123328830 Belgorod Region
|LLC MICROCREDIT COMPANY BOLSHEVOLZHSKAYA
INN 5010051290 Moscow Region
|LLC MICROCREDIT COMPANY SERVICE CENTER FOR INDIVIDUALS DALNEVOSTOCHNII ZAIM
INN 2801164075 Amur Region
INN 1651078288 Tatarstan Republic
|LLC MICROCREDIT COMPANY DOBRIE DENGI
INN 5612073237 Orenburg Region
|CREDIT CONSUMER COOPERATIVE SEMYA
INN 3436008444 Stavropol Territory
in process of being wound up since 14.09.2020
|TOP 10 average value||120,5||100,5||8,1||10,8||7,97||11,35|
|TOP 100 average value||13,7||11,4||-9,2||-2,1||-46,60||126,97|
|Industry average value||10,0||11,3||3,7||-4,5||50,03||-42,50|
improvement of the indicator to the previous period, deterioration of the indicator to the previous period
The average indicators of the return on costs ratio of the TOP-10 and the TOP-100 companies in 2020 are significantly higher than the industry average. Four companies from the TOP 10 had negative indicators in both 2020 and 2019. The decline in indicators in 2020 was observed in six of the TOP-10 companies, while in 2019 there were only two such companies.
At the same time, in 2020, seven companies reduced revenue and five companies reduced net profit.
The drop in average revenue in the TOP 10 and the TOP 100 was almost 17% and the industry average increased by 13%.
Average profit in the TOP 10 increased by 33%, in the TOP 100 it decreased by 4 times and the average decline in the industry amounted to 2 times bigger value.
In general, over the past 5 years, average industry indicators of the return on costs ratio have been negative for two periods. Growth was observed only for o ne period. The indicator reached the best results in 2017 and the worst result were shown in 2020. (Picture 1).
Information agency Credinform presents a review of activity trends of the largest companies in the sphere of loans provision.
The largest companies (TOP-1000), engaged in consumer lending, international trade financing, providing cash loans, pawnshop services, etc, were selected for the analysis according to the data from the Statistical Register and the Federal Tax Service for the latest available accounting periods (2011 – 2020). The selection of companies and the analysis were based on the data from the Information and Analytical system Globas.
The largest company in the industry in terms of net assets is NAO CENTRAL FUEL COMPANY, INN 7709221179, Moscow, provision of loans and other types of credit. In 2020, net assets amounted to over 28 billion RUB.
ARDIAY INVEST LLC had the smallest amount of net assets in the TOP 1000, INN 7751000769, Moscow region, provision of loans and other types of credit. Property insufficiency in 2020 was expressed by a negative value of -342 million RUB.
Covering the ten-year period, average net assets of the industry and their growth rates have an upward trend (Picture 1).
Shares of companies with property insufficiency in the TOP 1000 had a positive downward trend over the past five years (Picture 2).
The revenue of the TOP 10 companies in 2020 amounted to almost 52% of the total revenue of the TOP 1000 companies. (Picture 3). This indicates a high level of monopolization in the industry.
In general, there is a trend in revenue increasing and growth rates decreasing. (Picture 4).
Profit and loss
The largest company in the TOP 1000 in terms of net profit in 2020 is AQUA-CAPITAL LLC, INN 7825123775, Saint Petersburg, provision of loans and other types of credit. The profit amounted to over 5 billion RUB.
Covering the ten-year period, indicators of average industry profit margins tend to increase. (Pictures 5).
Covering the five-year period, average values of net profit of the TOP 1000 companies are increasing, while average net loss is also growing (Picture 6).
Key financial ratios
Covering the ten-year period, average industry indicators of the total liquidity ratio were mainly in the range of recommended values - from 1.0 to 2.0, with an upward trend. (Figure 7).
For the ten years period, average values of return on investment ratio showed a tendency to increase (Picture 8).
Covering the ten years period, values of the said business activity ratio showed a trend to decrease (Picture 9).
94% of the TOP 1000 companies are registered in the Unified Register of Small and Medium-sized Businesses of the Federal Tax Service of the Russian Federation. At the same time, the share of their revenue in the total volume of the TOP 1000 in 2020 is almost 55%, which is almost three times higher than the national average in 2018-2019. (Figure 10).
Main regions of activity
The TOP 1000 companies are registered in 78 regions (92% of the subjects of the Russian Federation) and are distributed unevenly across the country. More than 51% of the total revenue of the TOP 1000 companies in 2020 is concentrated in Moscow, St. Petersburg and the Novosibirsk region (Picture 11).
Financial position score
Financial position assessment of the TOP 1000 companies shows that the largest part of them is in average financial position. (Picture 12).
Globas Solvency Globas
The largest part of the TOP-1000 companies has been assigned an Adequate/Weak GlobasSolvency Index. This indicates that they cannot fully meet their debt obligations (Picture 13).
Comprehensive assessment of activities of the largest companies providing loans, that takes into account main indexes, financial indicators and ratios, indicates predominance of positive trends in their activities in the period from 2012 to 2020. (Table 1).
|Trends and evaluation factors||Share of factor, %|
|Dynamics of average net assets value||5|
|Increase (decline) rate in average size of net assets||5|
|Increase / decrease in share of enterprises with negative values of net assets||10|
|Level of monopolization / competition||-10|
|Dynamics of average revenue value||-10|
|Increase (decline) rate in the average size of revenue||-10|
|Dynamics of average profit (loss)||5|
|Increase / decline in average values of net profit||10|
|Increase / decline in average values of net loss||-10|
|Increase / decrease in average values of total liquidity ratio||10|
|Increase / decrease in average values of return on investment ratio||10|
|Increase / decrease in average values of asset turnover ratio, times||-10|
|Share of small and medium-sized businesses in terms of revenue exceeding 20%||10|
|Financial position (the largest share)||5|
|Globas Solvency Index (the largest share)||10|
|Average value of factors share||1,3|
positive trend (factor), negative trend (factor)