Ilya Kochetkov

Ilya Kochetkov is a prominent figure in the Russian financial sector, currently serving as the director of the non-banking lending department at the Bank of Russia. He has been actively involved in shaping regulatory frameworks to oversee microfinance organizations (MFOs) in Russia, particularly in response to the rising consumer debt and the growing market for microloans. Recently, he announced reforms aimed at mitigating risks associated with short-term loans, reflecting the Bank's efforts to enhance financial stability in the microfinance sector.