Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;
www.cbr.ru

Information Notice

On mandatory reserve requirements

Due to changes in the laws of the Russian Federation providing for the possibility to set different mandatory reserve requirements (required reserve ratios, required reserve averaging ratio) for different types of credit institutions (banks holding a general licence, banks holding a basic licence, non-bank credit institutions), the Bank of Russia Board of Directors decided to set the following mandatory reserve requirements for banks holding a basic licence effective from 1 December 2017.

Required reserve ratios:

on liabilities to non-resident legal entities (except for long-term liabilities) in the currency of the Russian Federation — 5.00%;

on liabilities to non-resident legal entities (except for long-term liabilities) in the foreign currency — 7.00%;

on long-term liabilities to non-resident legal entities in the currency of the Russian Federation — 5.00%;

on long-term liabilities to non-resident legal entities in the foreign currency — 7.00%;

on liabilities to individuals in the currency of the Russian Federation — 1.00%;

on liabilities to individuals in the foreign currency — 6.00%;

on credit institutions’ other liabilities (except for long-term liabilities) in the currency of the Russian Federation — 1.00%;

on credit institutions’ other liabilities (except for long-term liabilities) in the foreign currency — 7.00%;

on credit institutions’ other long-term liabilities in the currency of the Russian Federation — 1.00%;

on credit institutions’ other long-term liabilities in the foreign currency — 7.00%.

Required reserve averaging ratio applicable for the calculation of the average value of required reserves — 0.8.

For banks holding a general licence and non-bank credit institutions, the required reserve ratios on all types of liabilities and the required reserve averaging ratios are set at their current levels.

The introduced required reserve ratios will be in effect to regulate required reserves of credit institutions for December 2017.

10 November 2017

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