Another organization is included in the register of participants in the partnership financing experiment

The register of participants in the experiment on the establishment of special regulation to create the necessary conditions for the implementation of partner financing activities has been supplemented by another organization – JSC "Timer Bank". The procedure for inclusion in the register is established by the Bank of Russia.

Let us recall that the experiment on partner financing takes place from September 1, 2023 to September 1, 2025 on the territory of four pilot regions: the Republic of Bashkortostan, the Republic of Tatarstan, the Chechen Republic and the Republic of Dagestan. It will help to assess the interest of market participants in new financial instruments and expand the availability of services for Russian citizens, as well as small and medium-sized businesses.

A total of 23 organizations currently exist in the Register of the Bank of Russia, 17 of which operate in the territory of the Republic of Tatarstan and provide Islamic financial products. These are PJSC Sberbank, JSC "TBank", PJSC "AK BARS" BANK, PA "Amal", Limited Liability Company "Ijara-Leasing", BUT MKK "Entrepreneurship Support Fund of the Republic of Tatarstan", Guarantee Fund of the Republic of Tatarstan, JSC "RLK of the Republic of Tatarstan" and other organizations.