Category: Центральный банк России

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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In 2025, motorists purchased almost 40 million electronic MTPL policies (including approximately 9.4 million for terms ranging from 1 day to 3 months) compared to 14.5 million paper insurance policies, among which there were virtually no short-term contracts.

The average cost of a compulsory motor third-party liability insurance policy has fallen again, in part due to competition between insurers. As a result, the total premium for compulsory motor third-party liability insurance (CMTPLI) has decreased slightly to approximately 330 billion rubles.

Overall, the insurance market grew by 6.9% in 2025, reaching 4 trillion rubles, largely driven by life insurance. Claims volume increased by 18.6%, reaching 2.5 trillion rubles.

Read more about the market situation by the end of 2025 in"Review of key performance indicators of insurers."

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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.

Bank lending to companies (including bonds) increased by 5% in the fourth quarter of 2025, with loans taken out by companies across a wide range of industries. This figure increased by 11.8% for the year, and the forecast for 2026 remains in the 7–12% range: this trend is expected to be balanced amid a gradual easing of interest rates.

The growth of household mortgage debt accelerated to 5% in the quarter, primarily due to borrowers seeking preferential loans before the tightening of Family Mortgage terms in February 2026. The annual growth of mortgages on banks' balance sheets amounted to approximately 11%, and the forecast for 2026 remained in the range of 6–11%, taking into account the reduction in preferential lending volumes following the change in terms.

The consumer loan portfolio decreased by 1.4% in the fourth quarter and by 4.6% for the year as a whole. The consumer loan market is expected to revive in 2026, with the portfolio potentially growing by 4–9%.

Client funds increased by 11.9% year-over-year. Growth may slow to 5-10% in 2026, as investors are likely to be more interested in securities, which offer higher yields than deposit rates.

In 2025, banks earned 3.5 trillion rubles, and in 2026, profits are expected to be 3.3–3.8 trillion rubles, while maintaining increased deductions to reserves for corporate loans.

More detailed information is provided in the quarterly review. Banking sector.

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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.

OFZ yields declined over the month amid a key rate cut and a softening signal about future regulatory actions. Meanwhile, the Russian Ministry of Finance increased the volume of OFZ placements at auctions to 701 billion rubles, while households continued to actively purchase them on the secondary market. As a result, OFZ purchases by individuals reached their highest level since June of last year, reaching 64.1 billion rubles.

Sectoral stock market indices moved in different directions, and the Moscow Exchange Index rose slightly by the end of February (0.6% m/m).

The ruble weakened slightly during this period, reaching 77.27 rubles per US dollar. Corporate currency sales generally increased, despite a decline in sales by major exporters. Demand for currency remained low compared to previous years. However, demand for swaps with the Bank of Russia temporarily increased in the money market.

Read more in the next issue. Review of Financial Market Risks.

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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.

Pass internship Full-time students starting in their second year of undergraduate, specialist, and master's degrees are eligible. Applications can be submitted until May 3, 2026, in Moscow, St. Petersburg, Nizhny Novgorod, Novosibirsk, and 30 other cities. The internship will begin in September.

The selection process will consist of several stages: questionnaires, online testing, video interviews, and a final interview with a future supervisor. This will allow the professional skills of candidates to be assessed and future internship opportunities determined.

Applicants who pass all competitive tests will become Bank of Russia interns for up to six months. They will be able to work at least 20 hours per week and will receive a salary. In consultation with their supervisor, each intern will be assigned an individual schedule to facilitate the balance of work and study. Remote work is also possible. The most talented interns will have the opportunity to continue their careers at the Bank of Russia.

In the fall of 2025, more than 210 students completed internships at the regulator's offices across Russia.

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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.

Over the course of the year, retail investors deposited 2.5 trillion rubles into their brokerage accounts. This is almost 1.5 times more than in 2024, setting a record for the past four years. The bulk of this inflow came from qualified investors, whose number approached 1 million.

The number of clients with assets over 10,000 rubles increased from 4.9 million to 5.5 million over the year. The fastest growth rates are in the segment of the wealthiest investors with portfolios of 1 million rubles and above.

Total retail investor assets reached 12.3 trillion rubles, up 16% year-on-year. This was due to a record influx of new funds into brokerage accounts and rising bond prices.

Against the backdrop of declining interest rates, retail investors opted for fixed-coupon corporate bonds and long-term OFZs. The share of debt securities in their overall portfolios increased from 32% to 38% over the year. Meanwhile, the share of stocks declined from 30% to 25%.

Read more in"Review of key broker indicators 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

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The first commodity indicator has appeared in Russia, which is included inregistryThis is a stock exchange indicator of refined gold, the methodology for determining which was developed by the Moscow Exchange.

The indicator already serves as a price benchmark for over-the-counter (OTC) transactions and is also used to create various financial instruments. Its inclusion in the register means that the indicator can now be used in regulatory documents of government agencies and the Bank of Russia and will be available to a wider audience.

You can read the text of the methodology for determining and providing this indicator inorganization card.

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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.

On February 27, 2026, the Bank of Russia filed a challenge application with the General Court of the European Union (Luxembourg) Council Regulation (EC) No. 2025/2600 of 12 December 2025(hereinafter referred to as the EU Regulation). The application is submitted in accordance with Article 263 of the Treaty on the Functioning of the European Union. This continuation of workto challenge the European Union's illegal actions in relation to the sovereign assets of the Bank of Russia.

The contested EU Regulation established a permanent blocking (freezing) of the assets of the Bank of Russia, and also excluded the possibility of judicial protection of violated rights to assets, including by enforcing any court/arbitration decisions in connection with the measures adopted by this act.

The adoption of the EU Regulation has resulted in the violation of, among other things, the basic and inalienable rights of access to justice, the inviolability of property, the principle of sovereign immunity of states and their central banks, guaranteed by international treaties and European Union law, which is contrary to the fundamental principles of law and cannot be considered compatible with the principle of the rule of law.

Furthermore, the adoption of the contested EU Regulation was subject to significant procedural irregularities, in particular since it was adopted not by unanimity of EU members but by a majority vote, in contravention of the requirements of Article 215 of the Treaty on the Functioning of the European Union.

The Bank of Russia reserves all rights, claims, objections and remedies available to it in connection with the EU Regulation and any other measures taken by the European Union and/or its Member States in relation to the Bank of Russia or its assets.

When using the material, a link to the Press Service of the Bank of Russia is required.

March 3, 2026

08:00:00

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 net inflow of investor funds into individual investment accounts (IIAs) in 2025 amounted to 230 billion rubles. This is 3.7 times higher than the previous year.

The bulk of contributions, 103 billion rubles, occurred between October and December, marking a record quarterly figure since the instrument's launch in 2015. Investors chose individual investment accounts (IISs) amid a gradual decline in bank deposit yields.

The total number of individual investment accounts (IIAs) has reached 6.4 million. One in five of these accounts is an IIA-3. The number of these accounts grew due to the signing of new agreements, not the conversion of IIAs from Types I and II.

Investor contributions and the positive revaluation of Russian securities led to a significant increase in the value of individual investment account portfolios. The volume of assets in accounts increased almost 50% over the year, reaching 888 billion rubles. Amid a gradual decline in the key rate, investors actively acquired ruble bonds, favoring corporate securities. The share of debt assets in the total portfolio doubled to 42%. Investor holdings in Russian stocks also grew, but at a slower pace.

Read more in the article "Trends in the Individual Investment Accounts Segment in Q4 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.