Ozon Bank plans to launch lending for legal entities in 2025

The formation of the necessary IT and organizational infrastructure is already underway and in the near future the bank will offer credit products in both the B2C and B2B segments.

According to a bank representative, the lending institution will first focus on serving marketplace sellers and then expand the service to non-marketplace businesses.

The “subsidiary” of the Ozon Fintech marketplace already offers loans, but only to the company’s sellers and buyers. According to the site’s own data, the company has issued more than 100 thousand loans.

Recently, the Expert RA agency assigned Ozon Bank a credit rating of “ruBBB” level, the rating outlook is evolving.

In addition, the rating agency’s analysts reported on the bank’s plans to begin actively expanding its lending operations. Now the bank “places the accumulated liquidity mainly on the interbank market.”

However, according to the financial plan studied by Expert RA, the bank wants to create an infrastructure in 2024 to start active lending and then “plans to significantly increase the volume of loans.”

At present, Ozon Bank does not have an automated system for processing loan applications or a “credit transmitter”. In the context of strong growth and expansion of the bank’s business, which also includes the development of its own loans, it will be necessary to improve control procedures, risk management and organizational structure, RA said.