The Central Bank of Russia published its 2025 Q1 monitoring of individual investment accounts (IIAs), showing that while the pace of new IIAs opened under brokerage agreements slowed, type 3 IIAs continued to expand rapidly and remain far above early-2024 levels. In 2025 Q1, 82,000 IIAs were opened under brokerage agreements, down from 137,000 in 2024 Q4. Based on data from the largest market participants, the total number of type 3 IIAs reached nearly 866,000, up by 198,000 over the quarter, with more than 90% being newly opened accounts and the remainder converted from type 1 and type 2 IIAs. Although inflows into IIAs declined quarter on quarter, total IIA portfolios grew to RUB 637 billion, supported by net client contributions and positive securities revaluation; assets held in type 3 IIAs alone totalled RUB 183 billion, up by RUB 67 billion versus the previous quarter.
Central Bank of Russia 2025-05-22
Central Bank of Russia reports type 3 individual investment accounts rising to nearly 866,000 with assets of RUB 183 billion
The Central Bank of Russia's 2025 Q1 report on individual investment accounts (IIAs) indicates a slowdown in new IIAs under brokerage agreements, with 82,000 opened compared to 137,000 in 2024 Q4. However, type 3 IIAs grew significantly, reaching nearly 866,000, with assets totaling RUB 183 billion, an increase of RUB 67 billion from the previous quarter. Despite a decline in inflows, total IIA portfolios rose to RUB 637 billion, driven by net client contributions and positive securities revaluation.