The Central Bank of Russia set out plans to extend a range of bank support measures that are due to expire in 2025, with several to continue, including in modified form, through 31 December 2026. It also signalled that a number of measures will be extended and then incorporated into regulation to reflect national circumstances. Extensions through 31 December 2026 include continued permission for banks not to disclose information deemed sensitive to sanctions-related risk, covering items such as ownership structure, management details and material terms of credit institution restructurings. Banks will also be required to disclose financial statements and the related auditor’s report with sanctions-sensitive data removed, while banks that are not issuers may continue not to disclose IFRS statements and the related auditor’s report in full. The Central Bank of Russia will keep publishing bank reporting without sensitive data and intends to add national liquidity coverage ratio values to the ratios already published, subject to completion of state registration of amendments to reporting forms. The package also extends targeted flexibility for lending in the new constituent territories of the Russian Federation, allowing banks, subject to risk control, to disregard certain requirements and apply provisions of at least 1% for specified loans and contingent credit liabilities, or reduce provisions to 0% where there is reliable collateral. In addition, the maximum yields on certain ruble-denominated subordinated instruments and subordinated deposits using National Wealth Fund resources will be raised to the Central Bank of Russia key rate plus 5 percentage points for floating-rate instruments, and banks will retain the option to terminate subordinated liabilities early where the liabilities are transferred to a special-purpose vehicle. Measures identified for extension and subsequent incorporation into regulation include: maintaining borrower risk assessments for servicemen and their family members and SMEs founded by servicemen without downgrades; applying a reduced risk weight of up to 20% to specified concession-based projects supporting technological sovereignty and structural adaptation where the state assumes lending-bank risks under a direct agreement, while keeping the approach that high creditworthiness can be sufficient without ratings; and continuing to use the Central Bank of Russia Board-approved offshore jurisdictions list for assessing ownership transparency, with an intention to codify the list in regulation and propose its regulatory mandate be enshrined in law. The plan also retains simplified treatment for SME exposures by allowing SME loans and contingent credit liabilities of up to RUB 100 million into homogeneous portfolios under certain borrower assessment approaches, and introduces differentiated treatment of sureties and independent guarantees from regional guarantee organisations for provisioning purposes in line with Ministry of Economic Development Order No. 763.
Central Bank of Russia 2025-12-02
Central Bank of Russia plans to extend bank support measures through 31 December 2026 and embed selected reliefs in regulation
The Central Bank of Russia will extend bank support measures set to expire in 2025, with some continuing in modified form through 31 December 2026. Key extensions include non-disclosure of sanctions-sensitive information, targeted lending flexibility in new territories, and increased maximum yields on certain ruble-denominated instruments. Measures will be incorporated into regulation, such as maintaining borrower risk assessments for servicemen and SMEs, applying reduced risk weights to specific projects, and simplifying SME exposure treatments.