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 interest rates on the Bank of Russia specialised refinancing instruments

On 15 December 2014 the Bank of Russia Board of Directors decided to leave unchanged interest rates on the specialised refinancing instruments. As a result the interest rates on the following instruments was set at the key rate level less 8.00 percentage points — at 9.00% per annum:

loans secured by the pledge of receivables on loans extended to fund investment projects;

loans secured by bonds placed for investment project funding and included in the Bank of Russia Lombard List;

loans secured by the pledge of receivables on loan agreements secured by insurance agreements of OJSC Export Insurance Agency of Russia (OJSC ‘EXIAR’).

From 16 December 2014 the interest rate on the Bank of Russia loans secured by the mortgages given under the program ‘Military mortgage’ was set at the Bank of Russia key rate level less 6.25 percentage points — 10,75% per annum.

The interest rate on loans secured by the pledge of receivables on interbank loan agreements extended by OJSC SME Bank was left unchanged at 6.50% per annum.

16 December 2014

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