Bank of Russia presents first results of partnership financing experiment
The amount of funds invested totalled ₽2.8 billion, according to the Bank of Russia market review as of the end of the first nine months of 2024. Sale and purchase agreements constitute the largest share of investment transactions (43%).
The total amount of funds raised reached ₽3.8 billion, with the portion of transactions in settlement and card accounts equalling 45% of this amount. Legal entities own more than a half of such funds.
The Republic of Tatarstan is the leader in terms of the amount of partnership financing transactions. Such transactions are also performed in Moscow, the Moscow Region, the Chechen Republic, the Republic of Bashkortostan, and the Nizhny Novgorod Region.
The partnership financing experiment has been held since 1 September 2023. Both financial institutions and other legal entities may participate in it. The register of participants in the experiment is kept by the Bank of Russia.