Category: Центральный банк России

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Draft instruction The regulator envisages the following reduction in the territorial coefficient: for Novosibirsk – from 3.12 to 2.34, for Berdsk – from 2.48 to 1.86, for Iskitim – from 2.32 to 1.74, and for other cities and towns in the region – from 2 to 1.5. The revision of the indicators was made possible by strengthening measures to combat fraud and dishonest practices in the compulsory motor vehicle liability insurance (CMTPLI) sector in this region.

At the end of last year, law enforcement agencies in the Novosibirsk region opened 122 criminal cases involving insurance fraud based on complaints from insurers. According to operational data, an additional 37 criminal cases were opened in January-February 2026 alone. By comparison, 86 similar criminal cases were opened in the first nine months of 2025.

The Bank of Russia will continue to monitor the MTPL market in the Novosibirsk region and will make decisions based on an assessment of the situation's further development and the effectiveness of measures taken to combat unfair practices.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Participants in the spring marathon will learn how to develop an optimal investment strategy, test the potential of a business idea, and protect their rights in a dispute with a financial company.

Fintrek – a Bank of Russia project on financial literacy for students. This online platform features short videos on various topics, including modern financial technologies, the use of neural networks, and cyber fraud. It also includes up-to-date information on the digital ruble and the psychology of financial behavior.

After watching the videos, students can download additional materials and take quizzes to reinforce their knowledge. Each activity awards points, which students can redeem for project merchandise at the store, which will launch on the online platform in April.

The marathon lasts two months. Those who watch all the videos and successfully complete the tasks by May 15 will receive a participation certificate.

The project platform also features a Fintrek library of materials, which contains all webinars, presentations, and other training materials. Your personal account displays your progress, achievements, and completed topics, allowing you to return to them at any time.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Bank of Russia suggests changing Rules for determining repair costs under compulsory motor vehicle liability insurance (OSAGO) taking into account market conditions. When calculating the average cost of a spare part, the prices of similar parts will not be taken into account if they are 70% cheaper than the original (currently, this threshold is 80%). The average cost of consumables will be calculated based on market prices, without any discounts.

As a result of these changes, the average payment under compulsory motor third-party liability insurance is expected to increase by 9%.

It is also planned to fully account for the cost of single-use parts (seals, stickers, and the like) when calculating repair costs. Currently, these are included in the repair cost at a rate not exceeding 2% of the price of the replaced parts, which in some cases does not fully cover the cost of such parts.

The changes are planned to be introduced into the unified methodology for determining repair costs, which insurers use when calculating payments under compulsory motor vehicle liability insurance (OSAGO).

Comments and suggestions regarding the draft directive will be accepted until March 30 inclusive.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Changes, excluded fromanti-money laundering legislationThe right of credit institutions to entrust the identification or simplified identification of individual clients to bank payment agents (BPA) came into force on March 3, 2026.

From this date, under current agreements with credit institutions, BPAs cannot carry out identification.

The statutory period of 180 days (paragraph 2 of Article 3) is necessary to bring contracts concluded with the BPA into compliance with current legislation. During this period, the BPA is not expected to continue to perform identification functions.

Preview photo: DenPhotos / Shutterstock / Fotodom

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

In 2025, citizens increasingly used alternative, non-card-based payment methods for goods and services. These included Bluetooth payments, which rapidly gained momentum in the third quarter of last year. As a result, by the end of 2025, 35 million such transactions had been completed, totaling over 33 billion rubles.

Other non-cash payment methods, such as QR codes and biometrics, also remain popular. They grew 1.8-fold in number and 1.4-fold in volume last year, reaching 4 billion payments worth 5.7 trillion rubles.

Consumers have become more active users of e-wallets, largely due to the marketplace operating model. In 2025, 8.8 billion transactions were conducted, totaling 13.3 trillion rubles. This represents a 1.4-fold increase in number and a 1.6-fold increase in value compared to 2024.

Overall, the share of alternative payment methods increased by 4.5 percentage points over the year and amounted to 14.1% of the total volume of non-cash payments.

Up-to-date information on operations in the payment market is published on the Bank of Russia website in the section Statistics of the National Payment System.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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Depending on the scale and nature of a financial institution's operations, its board of directors is recommended to conduct separate monitoring of consumer rights compliance. For this purpose, experts in customer experience, development, and implementation of financial products and services may be invited to join the board.

Furthermore, financial market participants may establish a special consumer rights committee within the board of directors. This committee will address the implementation of professional ethics rules when working with clients and the application of consumer rights enforcement mechanisms. It will also be able to propose improvements to the employee incentive system, taking into account their level of customer-centricity.

The requirements for the committee chairman are similar to the requirements for an independent director established inCorporate Governance Code.

Information letter The Bank of Russia's policy is addressed to financial market participants who work with a large number of individual clients.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Federal loan bonds (OFZ) rose in 2025 after two years of decline amid a gradual slowdown in inflation and monetary easing. In the corporate bond market, the popularity of floating-rate bonds declined, with fixed-rate bonds accounting for the bulk of placements.

Banks remain the key investors in OFZs and corporate bonds, while the share of institutional investors and individuals is gradually increasing.

The digital financial asset market grew thanks to short-term debt issues. Among the issuers, there was an increase in the number of small companies that had not previously issued bonds.

Read more inReview of Financial Instruments for 2025.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The number of citizens involved in the Russian financial market has grown significantly in recent years, but this has not led to an increase in systemic risks. This is the conclusion reached by the Bank of Russia after analyzing the retail investment market.

Although unskilled retail investors predominate numerically, qualified investors, who account for the bulk of trading volume, have a decisive influence on market conditions and its stability. In 2025, they behaved countercyclically: reducing their investments during periods of market growth and increasing them during periods of decline, which helped limit price volatility. To increase market liquidity and maintain market stability, it is important for the number of investors with small and medium-sized portfolios to grow.

Most people prefer blue-chip stocks and the highest-quality bonds. They consistently add new instruments to their portfolios, diversifying their investments. However, retail investors' interest is primarily focused on financial and oil and gas securities, as well as government bonds, indicating a lack of sector diversification in their portfolios. This can negatively impact their investment returns during changing market cycles, so it's important to increase portfolio diversification across sectors.

Read more in the report Retail Investment Market.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Net inflows into mutual investment funds (MIFs) increased by more than a third in 2025, reaching 2.8 trillion rubles. This was just short of the 2023 record, when inflows exceeded 2.9 trillion rubles. Closed-end funds continued to account for the bulk of the inflows into MIFs.

However, last year, public interest in open-end bond mutual funds increased, with investments in them growing most rapidly. Money market exchange-traded funds also enjoyed popularity among investors, with returns remaining attractive despite the key rate cut.

The influx of funds and their positive returns accounted for the bulk of the growth in the value of management companies' client assets. In 2025, it grew by a quarter to 32.6 trillion rubles.

The volume of assets under trust management in the fourth quarter reached a new high since the beginning of monitoring in 2017, reaching 3.3 trillion rubles. Unqualified investors, who were exiting mass strategies, continued to be replaced by qualified investors with individual contracts. In total, retail investors invested 172 billion rubles in trust management, compared to 60 billion rubles the previous year.

Read more in"Review of key performance indicators of management companies for the fourth quarter of 2025".

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The winning region's FinEco project combines themes of financial literacy, rational use of personal finances, and environmental stewardship. It includes a financial literacy project competition among work teams, as well as the creation of a dedicated portal and mobile app so that any Primorye resident can participate in the project's online activities.

This year, we are in the finals of the All-Russian competition. "The Capital of Financial Culture" Thirteen regions participated. Participants proposed their corporate financial education programs in the workplace, television shows and plans for training media ambassadors, chatbots and training quests, family festivals, and teaching skills competitions.

"There are many different projects for different audiences. They allow other regions to evaluate which ideas will be successful, which are in demand, which will be most effective, and then scale these projects up nationwide. I believe this young competition is proving its worth. Quantitative effects are difficult to measure immediately, but we see that financial literacy is gradually becoming woven into our everyday, mundane lives. This is how financial culture is formed," noted Elvira Nabiullina, Governor of the Bank of Russia.

The "Capital of Financial Culture" competition is being held for the second time. It was organized by the Bank of Russia and the Ministry of Finance to support the best regional financial education initiatives.

"Financial literacy has become part of the cultural code of our citizens. It's hard to imagine modern people without effective savings management skills. Interest in financial products, financial strategies, and personal and family budgeting practices is growing every year. Today, we are choosing a new capital of financial culture from among 22 regions. We hope that the winning region will contribute something new to the development of the country's financial culture," noted Finance Minister Anton Siluanov.

Primorsky Krai will receive informational, expert, and methodological support for its future projects. Furthermore, the winning region will host forums and conferences to share experiences and promote financial culture in the country.

Last year, the Nizhny Novgorod Region and Krasnoyarsk Krai received the title of "Capital of Financial Culture." Ten of the 12 finalists launched their projects.

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Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.