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Required Reserve Averaging Ratios

Updated on 31 August 2021

In action since Banks1 Nonbanking credit institutions Settlement nonbanking credit institutions and settlement centres of organised securities market Nonbanking credit institutions, which has a responsibility for money transfers without opening bank accounts and other associated operations Nonbanking credit institutions which are carrying out deposit and credit operations
01.08.2004 0.2 0.2 0.2
01.11.2004 0.2 1.0 0.2
01.10.2006 0.3 1.0 0.3
01.11.2007 0.4 1.0 0.4
01.03.2008 0.45 1.0 0.45
01.07.2008 0.5 1.0 0.5
01.09.2008 0.55 1.0 0.55
01.10.2008 0.6 1.0 0.6
01.01.2012 0.6 1.0 1.0 0.6
10.12.2013 0.7 1.0 1.0 0.7
10.09.2015 0.8 1.0 1.0 1.0
01.01.2016 0.8 1.0
01.10.2021 0.9 1.0

1 For banks holding a general licence and holding a base licence since 01.12.2017.

Note. From August 1, 2004 to September 30, 2021 eligible credit institutions could define the part of required reserves to maintain on their correspondent accounts with the Bank of Russia by themselves within the averaging ratios.
Since October 1, 2021 uniform averaging ratios are applied.

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Last updated on: 31/08/2021