Bank of Russia establishes reserve requirements and ratios for calculating reservable liabilities for Russian credit institutions and foreign bank branches

As the new Bank of Russia Regulation comes into force, the Bank of Russia sets reserve requirements and ratios for calculating reservable liabilities of Russian credit institutions and foreign bank branches to become applicable from 1 August 2025.

Required reserve ratios and required reserve averaging ratios for Russian credit institutions are set at the current level, while those for foreign bank branches are established in the amount specified for non-bank credit institutions:

required reserve ratios:

• 4.5% – for all categories of liabilities in Russian rubles for banks with a universal licence, non-bank credit institutions, and foreign bank branches;
• 1% – for all categories of liabilities in Russian rubles for banks with a basic licence;
• 6% – for all categories of liabilities in the currencies of friendly countries for all credit institutions and foreign bank branches;
• 8.5% – for all categories of liabilities in the currencies of unfriendly countries for all credit institutions and foreign bank branches;

required reserve averaging ratios:

• 0.9 – for banks with a basic licence and those with a universal licence;
• 1 – for non-bank credit institutions and foreign bank branches.

The ratios for transactions involving a credit institution that is a central counterparty, which are used to calculate the amount of required reserves of Russian credit institutions and foreign bank branches, are set at the current level:

• 0.25 – for liabilities in Russian rubles;
• 0.07 – for liabilities in the currencies of unfriendly countries;
• 0.4 – for foreign currency liabilities (except for liabilities in the currencies of unfriendly countries).

The adjustment factor for calculating the amount of liabilities to other credit institutions that are Russian residents and foreign bank branches on issued debt securities to be excluded from the reservable liabilities is set at the current level of 0.2.

New required reserve ratios and required reserve averaging ratios, as well as ratios for calculating the reservable liabilities of Russian credit institutions and foreign bank branches will start to apply when the amount of required reserves for August 2025 is calculated.

The reference to the Press Service is mandatory if you intend to use this material.

29.07.2025 13.20.00