On updating procedures for updating the Bank of Russia List

The Bank of Russia Board of Directors took a decision to update the procedure for including entities in the list of organisations stipulated by Subclause 3.6.1 of Clause 3.6 of Bank of Russia Regulation No. 312-P, dated 12 November 2007 ‘On the Procedure for Extending Bank of Russia Loans to Credit Institutions Secured by Assets or Guarantees’ (hereinafter, the Bank of Russia List) and excluding entities from the Bank of Russia List.

The Bank of Russia List may include the following non-financial organisations — residents of the Russian Federation: large borrowers of credit institutions with annual revenue exceeding one billion rubles; strategic organisations¹; organisations with loan guarantees of the Russian Government. The organisations are selected through the analysis of their creditworthiness in compliance with Bank of Russia requirements.

Organisations can be excluded from the Bank of Russia List due to the following reasons: negative assessment of organisations’ financial performance, significant increase of debt burden, deterioration of debt servicing quality, and other significant conditions indicating real or possible significant deterioration of the organisation’s financial standing in the short term.

¹ The list of organisations is approved by the President of the Russian Federation’s Order No. 1009, dated 4 August 2004, ‘On Approving the List of Strategic Enterprises and Strategic Joint-Stock Companies’, and the Regulation of the Government of the Russian Federation No. 1226-r, dated 20 August 2009, ‘On Approving the List of Strategic Enterprises and Federal Executive Bodies Providing the Implementation of the Single State Policy in the Economic Sectors in Which These Enterprises Operate, and on Recognising Invalid Certain Acts of the Government of the Russian Federation’.

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29.08.2014 00.00.00