The Central Bank of Russia published 2025 results for individual investment accounts (IIAs), reporting a net inflow of RUB 230 billion, 3.7 times higher than the previous year. The total number of IIAs reached 6.4 million, while assets held in IIAs rose almost 1.5 times over the year to RUB 888 billion. Contributions were heavily concentrated in October–December (RUB 103 billion), the highest quarterly figure since IIAs were launched in 2015, as investors shifted toward IIAs amid declining returns on bank deposits. Type 3 IIAs accounted for 20% of all accounts and expanded mainly through new agreements rather than conversions from type 1 and type 2 IIAs. Portfolio growth was driven by both fresh contributions and positive revaluation of Russian securities, and as the key rate declined investors increasingly bought ruble bonds, predominantly corporate, lifting the share of debt assets to 42% while investment in Russian equities also increased at a slower pace.
Central Bank of Russia 2026-02-27
Central Bank of Russia reports 2025 individual investment account inflows up 3.7 times to RUB 230 billion
The Central Bank of Russia reported a net inflow of RUB 230 billion into individual investment accounts (IIAs) in 2025, a 3.7-fold increase from the previous year, with total assets reaching RUB 888 billion. Contributions peaked at RUB 103 billion in Q4, driven by a shift from bank deposits to IIAs amid declining returns. Type 3 IIAs grew through new agreements, with portfolio growth fueled by fresh contributions, positive revaluation of Russian securities, and increased investment in ruble bonds and equities.