Required Reserve Adjustment Factors
Adjustment Factor
(to the volume of liabilities on issued debt securities)
| Period | Level |
|---|---|
| 01.11.2009 – 31.12.2015 | 0.2 |
| 01.01.2016 – 31.03.2022 | 0.2 |
| 01.04.2022 – 31.07.2025 | 0.2 |
| 01.08.2025 – | 0.2 |
Adjustment Factors on operations with credit institution-central counterparty participation
| Period | Level | |||
|---|---|---|---|---|
| on liabilities in rubles | on liabilities in foreign currency | on liabilities in foreign currency | ||
| excluding currencies of unfriendly countries | in currencies of unfriendly countries | |||
| 01.04.2022 – 30.06.2022 | 0.1 | 0.1 | – | – |
| 01.07.2022 – 31.03.2023 | 0.2 | 0.2 | – | – |
| 01.04.2023 – 31.03.2024 | 0.2 | – | 0.2 | 0.05 |
| 01.04.2024 – 31.07.2025 | 0.25 | – | 0.4 | 0.07 |
| 01.08.2025 – | 0.25 | – | 0.4 | 0.07 |
Diminishing Cash and Digital rubles Factor
| Period | Level |
|---|---|
| 01.11.2009 – 31.12.2015 | actual average cash over the reporting period, no more than 25% of required reserves on liabilities in rubles |
| 01.01.2016 – 31.03.2022 | actual average cash over the reporting period, no more than 25% of required reserves on liabilities in rubles |
| 01.04.2022 – 28.12.2024 | actual average cash on the reporting date for banks holding a base license and actual average cash over the reporting period for banks holding a general license, non-bank credit institutions, no more than 25% of required reserves on liabilities in rubles |
| 01.01.2025 – 31.07.2025 | actual average cash and digital rubles on the reporting date for banks holding a base license and actual average cash and digital rubles over the reporting period for banks holding a general license, non-bank credit institutions, no more than 25% of required reserves on liabilities in rubles |
| 01.08.2025 – | actual average cash and digital rubles on the reporting date for banks holding a base license and actual average cash and digital rubles over the reporting period for banks holding a general license, non-bank credit institutions and foreign bank branches, no more than 25% of required reserves on liabilities in rubles |
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Last updated on: 29.08.2025