Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russian Crowdfunding Market Grew by 34% during 2018
26.03.2019 23:51
Russian Crowdfunding Market Grew by 34% during 2018

Russian crowdfunding market grew by 34% during 2018, exceeding the amount of 15.2 billion roubles. The Central Bank representatives think that the definition of crowdfunding includes funding raised by companies or individuals with the use of Internet platforms.

      In 2018, the market grew mainly due to an increase in the segment of small and medium business loans, which accounted for 96% of all funds raised. At the same time, the share of overdue debt also grew: in 2017 it made up 9.6%, whereas as of January 1, 2019, the share already grew up to 14.6%.

      The Central Bank, however, notes that “the regulator does not observe any tendency of a significant increase in overdue debts in the segment of financing small and medium business”. Market members point out that the growth of the overdue debts is associated with the development of the segment: new sites appear - these have not yet had time to gain experience, besides, new types of loans also emerge.

      Read More Articles about Russian Business

Author: Anna Dorozhkina

Tags: Russian business Russian banks Russian companies   

Next Previous

You might also find interesting:

Amendments to the Law On Currency Regulation and Currency Control have been Drafted
Xiaomi is Planning to Launch its Own Contactless Payment Service in Russia
Russian Educational Startup Raises $ 6 Million Investment
The Level of Quality of State Business Regulation in Russia Decreased
Russian Railways Launches its Own Corporate Accelerator for High-tech Startups

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Khabarovsk  Russia Travel Tips  Russian politicians  Oak  email service  Inbound tourism  Solovki  marriage  Russian Premier League  Vladimir Vysotsky  Russian sportwomen  Aeroexpress  Political Satire  education  Russia-Africa  Perm  Russian Cinema  Unusual Museums  Russian visa  Russian airports  St. Petersburg  Russian regions  Outer Space  Immortal Regiment   Winzavod  Music Festivals  Exhibitions in Moscow  public transport  Murmansk Region  Public Television  South Stream  Moscow  Journey into Christmas  Russian roads  Krasnoyarsk  Fyodor Schechtel  Vyksa  travel to Russia  Folk Chorus  Festivals in Moscow  nuclear reactors in Russia  Kolomenskoye  inventions  Mercedes-Benz Fashion Week Russia  Russian tourism  DTM racing  Dvorkovich   Moscow free tours  Cheesefare Week   Russian business 

Travel Blogs
Top Traveling Sites