Novosibirsk, Russia, 22 April 2021: in mid-April, Expert rating agency published rankings of microfinance institutions based on the results of 20201

Arifmetika MFI LLC which is a part of OR GROUP (former Obuv Rossii Group), took 3rd place in Russia among MFIs in terms of the volume of consumer loans issued (instalments) and the amount of net profit for 2020. According to the results of the year, the volume of long-term consumer loans issued exceeded RUB 5 bln, and the net profit of the microfinance institution amounted to RUB 695 mln.

«Cash loans are a business line that showed growth in a difficult 2020 and generated cash flow even during the quarantine when most stores were closed. Thus, revenue from this activity increased by 26.7% year-on-year to RUB 2.7 bln, the portfolio increased by 17.3% to RUB 2.9 bln. The business of Arifmetika MFI is distinguished by high operational efficiency, which is noted in the industry ranking of Expert RA, — comments Anton Titov, CEO of OR GROUP. — Besides, the company has built a unique scoring system, which is based on modern mathematical models and the analysis of more than 2000 metrics of the borrower. This allows us to maintain the cost of risk at a level that is one of the lowest in the market.2 In the near future, we see great potential for the growth of additional services for our customers, especially in the remote format.»

The company is constantly improving the service: in 2020, Arifmetika MFI launched a personal account that provides additional services for the convenience of customers. Using it, customers can get information about the available limits, calculate payments using the calculator, view the history of executed contracts, make payments by a card of any bank without commission, transfer funds, etc.

More than 300 professionals manage financial services, and the company has its own IT system which allows to execute and maintain loan agreements. The IT platform enables the company to flexibly configure the promotion parameters and personalize offers for the company’s customers. In 2018, Arifmetika MFI was one of the first companies to implement a blockchain to protect the personal data of customers who use cash loans.

The company’s plans for the active development of financial services and new technologies in this area arealso based on assessments of the market prospects. Thus, the National Rating Agency (NRA) predicts a positive dynamics of the microfinance market by 15% in 2021 due to the industry technification and the development of remote services, as well as the recovery of potential borrowers’ demand