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Micromortgage companies to become new financial market participants

3 October 2025
News

Micromortgage companies (MMCs) will begin to operate from 22 October 2025. They are established pursuant to the relevant law and are aimed at implementing government programmes promoting housing affordability in the Russian regions.

According to the law, 100% of MMCs’ equity will be held solely by constituent territories of the Russian Federation. One region may have no more than one MMC. The Bank of Russia will supervise MMCs and maintain a list of such companies.

To facilitate new market participants’ adaptation, the Bank of Russia has suspended the limit on the effective interest rate for MMCs through 31 March 2026.

Preview photo: Elenstone / Shutterstock / Fotodom