Interest rates on Bank of Russia specialised instruments

% p.a

Instrument Maturity From 03.02.2014 From  25.04.2014 From 29.05.2014 From 28.07.2014 From  05.11.2014 From 09.12.2014 From 16.12.2014 From 30.01.2015 From 27.03.2015 From 11.12.2015 From 14.06.2016 From 19.09.2016 From 27.03.2017 From 02.05.2017 From 19.06.2017 From 18.09.2017 From 30.10.2017 From 18.12.2017
Loans secured by the pledge of receivables on loan agreements entered by JSC SME Bank with credit institutions, microfinance organisations or leasing companies1 up to 3 years 4.00 4.00 4.00 4.00 5.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50
Loans secured by the pledge of receivables on loan agreements secured by insurance agreements of JSC EXIAR up to 3 years 6.50 6.50 6.50 7.00 8.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 8.75 6.50 6.50 6.50 6.50 6.50
Loans secured by the pledge of receivables on loans extended for investment project funding2 up to 3 years   6.50 6.50 7.00 8.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 8.75 8.25 8.00 7.50 7.25 6.75
Loans secured by bonds placed for investment project funding and included in the Bank of Russia Lombard List2 up to 3 years     6.50 7.00 8.00 9.00 9.00 9.00 9.00 9.00 9.00 9.00 8.75 8.25 8.00 7.50 7.25 6.75
Loans secured by mortgages issued under the Military Mortgage Programme3 up to 3 years           10.75 10.75 10.75 10.75 10.75 10.50 10.00 9.75 9.25 9.00 8.50 8.25 7.75
Loans secured by guarantees of JSC Russian Small and Medium Business Corporation4 up to 3 years                 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50 6.50
Loans secured by the pledge of receivables on loans extended to leasing companies up to 3 years                   9.00 9.00 9.00 8.75 8.25 8.00 7.50 7.25 6.75
 
1 Receivables on loans extended by JSC SME Bank to microfinance organisations are eligible as security since 19 May 2015.
2 Since March 2015, the interest rate has been set equal to the minimum of the two values: 9.00% p.a. or Bank of Russia key rate minus 1 percentage point.
3 Before 30 January 2015, loans with maturity of 1 to 90 calendar days were extended at a fixed interest rate, while loans with maturity of 91 to 1,095 calendar days were extended at a floating interest rate.
4 On 29 June 2015, JSC Non-bank Deposit and Credit Institution ‘Agency of Credit Guarantees’ was renamed JSC Russian Small and Medium Business Corporation.

Updated December 15, 2017.

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