Government has submitted to the State Duma a bill which tightens the rules governing the circulation of precious metals and stones in pawnshops. It clarifies the powers of the Ministry of Finance to issue regulations and distributes responsibilities between the Central Bank and the Federal Assay Chamber. Bill also introduces a register of retail trade object...

MGCL's revenue for January 2025 amounted to ₽715 million, up 4.7 times year-on-year. Portfolio of collateralized loans in the pawnshop line of business and commodity balances in resale increased by 70% and exceeded ₽2 billion. Share of commodities held in the portfolio for more than 90 days decreased to a minimum of 6%.

MGKL from 1 February will expand the list of commodity groups of the resale direction. Assortment matrix on buyback will grow in a wave-like manner as the valuation mechanism is improved. Initially, the company worked mainly with precious metals and fur products. In 2020, it was decided to use the successful experience in the pawnshop market and launch a pro...

MGCL's revenue for 2024 amounted to ₽8.5 billion, up 3.9 times year-on-year. Portfolio of collateralized loans in the pawnshop business and merchandise balances in resale increased by 73% to over ₽2 billion. Number of retail customers increased by 12% to over 227,000. Share of goods held in the portfolio for more than 90 days decreased from 11% to 7%.