Category: Banking

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The Bank of Russia has changed insurance rates and coefficients for compulsory motor third-party liability insurance (OSAGO).

Translation. Region: Russian Federation –

Source: T-Bank –

An important disclaimer is at the bottom of this article.

What will change when calculating the price of compulsory motor third-party liability insurance?

According to the decision of the Bank of Russia, insurance rates for compulsory motor third-party liability insurance (OSAGO) will be updated starting in December.

There will be two main changes, which will affect owners of passenger cars who purchase mandatory auto insurance.

The tariff corridor—the range within which insurers will choose the base rate for each driver's compulsory motor third-party liability insurance—will be expanded. The minimum and maximum base rates will change.

The table compares rates for some categories of vehicles.

Before the changes From December 9, 2025
Passenger cars of individuals 1,646⁠—⁠7,535 ₽ 1,399⁠—⁠8,665 ₽
Motorcycles 259⁠—⁠3,043 ₽ 155⁠—⁠4,260 ₽
Passenger cars of legal entities 852⁠—⁠5,722 ₽ 724⁠—⁠6,580 ₽
Taxi 1,490⁠—⁠15,756 ₽ 1,267⁠—⁠18,119 ₽
Trucks with a maximum permitted weight of up to 16 tons 930⁠—⁠11,921 ₽ 791⁠—⁠13,709 ₽

The territorial coefficient (TC) values will change. This coefficient is used to calculate the cost of the policy and depends on the owner's place of registration. The TC is calculated based on regional characteristics, such as traffic complexity, accident frequency, road conditions, and climate.

In some cities and regions, the coefficient will be higher, for example in Birobidzhan, Derbent, Kyzyl, Magadan, Makhachkala, Neryungri, Novosibirsk, Ingushetia, and Chechnya.

The rate will decrease in other populated areas, including Vladimir, Vologda, Ivanovo, Kemerovo, Kotlas, Krasnokamsk, Monchegorsk, Murmansk, Novouralsk, Perm, Severodvinsk, Surgut, Syktyvkar, Tyumen, Ukhta, Khanty-Mansiysk, Cheboksary, and Cherepovets.

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.

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Get ready for the New Year with T-Bank: buy goods with cashback up to 70%

Translation. Region: Russian Federation –

Source: T-Bank –

An important disclaimer is at the bottom of this article.

To help you plan your New Year's Eve celebrations with savings and hassle-free shopping, we've prepared offers from our partners. These offers offer increased cashback of up to 70%.

We've divided all the offers into four themed collections—one for each week of December. They contain everything you need to get ready for the holidays: buying gifts for yourself and loved ones, choosing an outfit, decorating your home, and planning your New Year's menu.

Where to find collections. In the T-Bank app, select "Cashback and Bonuses" on the main screen. Or simply click the button below.

Which stores are included in the selections? Dozens of T-Bank partners include electronics, jewelry, furniture, clothing, cosmetics, grocery delivery services, and more.

The new selection opens on Sunday night. Offers from previous weeks remain valid.

To receive cashback, you must meet the conditions described in the specific offer card. Most often, paying with a T-Bank card is sufficient, but in some cases, you may need to make a purchase of a certain amount or upload a receipt to the app.

When will the increased cashback for purchases arrive? We'll credit it to your card on your next statement date.

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.

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Solid Bank JSC's credit rating has been confirmed at ruBB.

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Expert RA confirmedratingSolid Bank's creditworthiness is ruBB with a stable outlook. This implies a high probability of maintaining the credit rating at its current level over the next 12 months.

The Bank's credit rating is determined by:

1. Weak market position assessment. Expert RA noted an increase in business scale: from September 1, 2024 to September 1, 2025, Solid Bank's assets increased by 77%. However, the Bank remains outside the top 100 banks in the Russian banking sector by assets, and its client base in the corporate and retail lending segments is limited.

2. An adequate capital position while maintaining high business profitability. As of 01.09.2025, the Bank's capital adequacy ratios were at an adequate level (N1.0 – 20.6%; N1.2 – 16.7%), allowing it to withstand a potential impairment of about 18% of the asset base and off-balance sheet liabilities at risk versus 11% a year earlier. The growth of the capital buffer is due to the high profitability and operating efficiency of the Bank's activities: ROE under RAS for the period from 01.07.2024 to 01.07.2025 amounted to about 65% versus 36% a year earlier, the CIR indicator was 33% versus 44%, respectively. At the same time, the Agency notes the predominant share of volatile components in the structure of the Bank's financial result, the main part of which is represented by income from foreign currency transactions, sensitive to the external environment. The capital position was further supported by a decrease in capital immobilization through investments in non-core assets, which had significantly declined: over the past 12 months, this indicator decreased from 44% to 29%. The concentration of assets in high-risk credit assets decreased amid faster growth in net assets: high-risk credit assets accounted for approximately 11% of the Bank's net assets as of September 1, 2025, compared to 18% the previous year.

3.      Satisfactory asset quality. In the structure of the Bank’s gross assets as of September 1, 2025, 57% accounted for liquid components, including cash, placements with the Bank of Russia and correspondent credit institutions, as well as a portfolio of securities and digital financial assets. Over the past 12 months, the volume of urgent placements on the interbank market has more than doubled and as of September 1, 2025 reached 28% of gross assets, mainly in the form of repo transactions with NPO NCC (JSC). The share of placements in NOSTRO accounts amounted to 4% of gross assets as of September 1, 2025, of which about 40% were claims on counterparties with ratings and conditional rating classes at the level of ruA- and higher on the Expert RA scale. The securities portfolio formed about 18% of gross assets as of September 1, 2025 and is almost entirely represented by investments in OFZs and debt obligations of issuers with ratings and conditional rating classes at the level of ruA-higher on the Expert RA scale. The client loan portfolio accounted for about 32% of the Bank’s gross assets as of 09/01/2025, of which the main share is loans to legal entities and individual entrepreneurs (about 30% of assets). This portfolio is characterized by an increased level of overdue debt (about 7%) and loans of IV-V quality categories (about 10%). Industry diversification of business loans is at an acceptable level: the top 3 industries accounted for about 57% of the portfolio of loans to legal entities and individual entrepreneurs as of 08/01/2025. As before, the Agency notes the low level of property security of the loan portfolio: as of 08/01/2025, about 21% of the debt of legal entities and individual entrepreneurs was secured by the pledge of real estate and rights to it. The retail portfolio formed less than 2% of gross assets and is mainly represented by unsecured consumer loans. Another approximately 3% of gross assets were investments in high credit quality DFAs. The Bank’s guarantee portfolio for the period from 09/01/2024 to 09/01/2025 increased by 23% and reached 71% of capital; its quality is assessed as low: the ratio of the amount of payments under issued guarantees to the average guarantee portfolio over the last 12 months was 4.6%.

4. An adequate liquidity position. This is due to the Bank's high balance sheet liquidity reserve: the average coverage of attracted funds by highly liquid and liquid assets for the period from 01.09.2024 to 01.09.2025 was 34% and 60%, respectively. At the same time, the Bank retains the ability to attract additional liquidity through repo transactions due to a portfolio of unencumbered securities of high credit quality. The funding structure is characterized by high diversification by sources: funds from individuals and corporate clients as of 01.09.2025 formed approximately 30% and 37% of liabilities, respectively. Another approximately 16% came from funds from credit institutions. The concentration of the liability base on clients remains at an adequate level: the share of the 10 largest groups of creditors, including credit institutions, amounted to approximately 29%, and the share of the largest creditor was approximately 8%. The agency notes a significant increase in funds raised over the past 12 months (78%), primarily due to increased balances in term deposit accounts for individuals and legal entities. However, large payments that could have a significant negative impact on the Bank's liquidity are not expected over the next 12 months.

5. A conservative assessment of corporate governance. This is due to the presence of certain deficiencies in the internal control and credit risk management systems. The Bank operates within the framework of its updated Strategy for 2025-2027. Business planning is conducted annually, with target indicators periodically adjusted based on the current macroeconomic environment. The current strategy envisions organic growth in the Bank's key business segments, maintaining its settlement specialization while actively expanding corporate lending, and launching new products in the areas of bank guarantees and factoring. However, in the Agency's opinion, given the current market conditions, the potential for achieving certain strategic indicators remains limited.

Reference information

Solid Bank JSC is a universal commercial bank founded in 1991 in Kamchatka. In 2017, the head office was relocated to Vladivostok. The bank has offices throughout the country: in the Far Eastern Federal District, Siberian Federal District, Tatarstan, Udmurtia, Bashkortostan, Moscow, Tula, Yekaterinburg, and St. Petersburg. The majority of offices are located in the Far East. For over 30 years, Solid Bank JSC has been providing a full range of services to businesses and private clients. General License No. 1329 of the Central Bank of the Russian Federation dated May 25, 2017.

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.

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Credit risk is growing – the Central Bank of Russia identified the main problem of the economic slowdown.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

What risks of economic slowdown has the Bank of Russia identified?

The Central Bank of the Russian Federation published a financial stability review for the period from April to September of this year. The Russian economy is slowing under the influence of monetary easing. Several financial sector issues remain pressing:

The imbalance in the Russian currency market has stabilized, with the dollar-to-ruble exchange rate volatility not exceeding 4.4% over the past month, compared to 9.7% just six months ago. Commercial banks' interest rate risks are also declining, as financial institutions have increasingly begun offering depositors products with floating rates tied to the key rate. Credit risk is the most influential factor, with the regulator seeing potential for an increase in problem debt.

The Bank of Russia has noted an economic slowdown; by September, GDP growth had fallen to 0.6% year-on-year, compared to over 1.1% mid-year. Experts are calling the current economic stage "technical stagnation."

How will credit risks for businesses and individuals change in 2025?

The easing of monetary policy has led to improved terms for credit products, and borrowers' demand for funds has begun to recover. However, the increase in debt is associated with credit risks:

The share of corporate borrowers with problematic obligations in October amounted to 8%, which is slightly less than the level of April; the share of corporate borrowers that are in the yellow zone, i.e. have a high level of risk, increased by 4% (among large companies – 18%, medium – 28%); the share of overdue loans of large companies increased by 0.2% (to 4%) – this mainly affected the portfolio of the construction and oil and gas industries; in the portfolio of loans to private clients, the share of problematic agreements amounted to almost 13%, an increase of 2.1 percentage points over the six months; the highest level of delinquency is among clients with a debt burden above 50%, such borrowers account for 19% of issued loans.

"In the fall, Russians began to more actively seek loan restructuring—the share of applications increased by 79%, which may indicate difficulties with servicing contracts," the Bank of Russia noted.

At the same time, experts don't expect a boom in the credit sector – companies maintain sufficient financial strength, and their debt burdens will continue to decline. It's possible that the regulator will have to further tighten lending requirements for clients with high DTIs. In retail, the share of non-performing loans is expected to increase in 2026, but a surge in defaults is not expected amid low unemployment.

16:32 02.12.2025

Source:

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.

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Tourists will have it easier – Sberbank has launched QR code payments in Vietnam.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

How to pay for a purchase with a QR code in Vietnam via Sberbank?

Customers pay for purchases in Vietnam Sberbank They can use a QR code—the service isn't available at all retail outlets, but the bank's geographic reach is constantly expanding. The transaction is carried out as follows:

The client opens the Sber app and scans the QR code on the terminal. The bank automatically converts rubles to Vietnamese dong. The debit amount is displayed on the smartphone screen. The client confirms the payment.

This option will be useful for Russian tourists, as Vietnam has become a favorite among domestic travelers this year – from January to September, over 430,000 citizens visited the country's resorts, which is almost the second highest number compared to the same period last year.

In which other countries do QR code payments work for Russians?

VTB Bank previously introduced QR code payment in Vietnam. The transaction process is similar, conversion is automatic, there are no transaction fees, and the per-payment limit is up to 350,000 rubles. VTB also provides this service to Russian citizens in other countries, including Kyrgyzstan, Tajikistan, and Turkey, and its presence is constantly expanding.

"The problem with paying abroad is gradually being resolved – friendly countries and destinations popular with Russian tourists are being prioritized," the expert notes.

Russian banks are also actively implementing QR code payments via the Fast Payment System (FPS) in other countries, including the UAE and the Maldives. However, the service is available in a limited number of stores, primarily in popular tourist areas. The launch requires the consent of not only the retailers but also local banks, which are reluctant to sign contracts with Russians due to the risk of secondary sanctions from the US and Europe.

10:00 11/25/2025

Source:

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.

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From November 24, 2025, the Yakutsk office will temporarily operate under a new schedule.

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We would like to inform you that, effective November 24, 2025, the Solid Bank office in Yakutsk, located at 27/1 Kurashova Street, Yakutsk, 677000, Sakha Republic (Yakutia), will temporarily switch to the following operating hours for cash transactions:

• Monday-Friday from 9:30 to 18:00, • break: 12:00-12:30, 15:00-15:30, • Saturday-Sunday – closed.

Please take this information into account when planning your visit to the bank office!

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.

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The scammers' tricks won't work – large transfers to themselves through the SBP will end up on the list of fraudulent ones

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

When will a transfer via the SBP raise suspicions with the bank?

Transferring a large amount via the SBP, even between accounts of one client, may raise suspicions jarIf, on the same day, a person attempts to send money to a third party to whom payments have not been made for more than six months, the person will be subject to a new scam: the scammers convince the victim to accumulate all their savings in a single account to which they have gained access.

"Banks will tighten controls over transfers – transactions over 200,000 rubles, including those made through the Fast Payment System (FPS), will come under close scrutiny," the regulator noted.

The introduction of new fraud indicators will help banks protect honest Russians from fraudulent activities. However, this change will have virtually no impact on ordinary citizens—money transfers between their own accounts via the Fast Payment System (FPS) will still be possible without restrictions or fees; suspicion will only arise if you attempt to send funds to a third party.

What other signs of fraudulent transactions are there?

Transferring funds between your own accounts and then sending the savings to another person isn't the only sign of fraud identified by the Central Bank. Financial institutions are required to suspend transactions if they detect any of the following:

The recipient's account is included in the fraudulent list according to the Central Bank of the Russian Federation's basic rules or the bank's own rules; the transaction is unusual for this particular client; the device used to access online banking was previously used by fraudsters; the client changed the phone number used to access their personal account; information was received about the use of an unusual internet provider.

However, it's not just banks that should be making efforts to protect their funds. Russians should adhere to financial security rules: don't share codes and passwords with third parties, no matter who they claim to be, don't enter card details on dubious websites, and don't transfer funds to accounts if you're unsure of the recipient. Fraudsters are constantly refining their methods, but most schemes rely on social engineering—they mislead the victim, who then helps the scammer steal their savings.

10:00 11/18/2025

Source:

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.

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Interest rates on deposits have become even higher

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Effective November 19, 2025, Solid Bank has made changes to its line of deposits for individuals. Specifically, rates on the "Golden Autumn" and "Stable Interest" deposits have been increased by 0.5%.

Now:

• Base rate for deposit "Golden Autumn" – 16% per annum.

The remaining conditions remain the same:

• Duration – 91 days.

• Amount – from 30,000₽ to 5,000,000₽.

• Interest payment – at the end of the deposit term.

• Base rate for "Stable Interest" deposit – 14.5% per annum.

• Duration – 180 days.

• Amount – from 50,000₽.

• Interest payment – at the end of the deposit term.

• Replenishment – allowed during the first 60 calendar days.

You can read the full terms and conditions of deposits on the bank's website.

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.

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Solid Bank ceases operations with Zolotaya Korona

Translation. Region: Russian Federation –

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Solid Bank is ending its money transfer service with the Zolotaya Korona payment system. Effective November 14, 2025, transfers will no longer be sent or issued.

The termination of this cooperation will not affect the quality and availability of basic services for the bank's clients.

Please take this information into account when planning money transfers.

8 800 775 56 06 (free call within Russia).

www.solidbank.ru

Solid Bank JSC. General License No. 1329 of the Central Bank of the Russian Federation.

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.

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US policy is to blame – in September, the world's central banks set a record for gold purchases.

Translation. Region: Russian Federation –

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

Why is the demand for gold growing rapidly in the world?

The increased desire of central banks to shift from dollar-denominated reserves to gold and foreign exchange reserves is a result of the unstable international situation. Factors driving the increased demand for gold include:

the presence of geopolitical uncertainty; economic instability in the world; the desire of banks to diversify assets; the aggressive trade policy of the US President; the increase in the number of military conflicts.

Gold remains the safest and most reliable means of preserving capital during periods of instability. As a result, amid high demand, prices for the precious metal are rising, and central banks are increasing purchases despite the increased cost.

Which countries contribute the most to their gold and foreign exchange reserves?

In September, gold purchases were 79% higher than the previous month – central banks purchased 39 tons of the metal, 27 tons more than the annual average. Among the largest buyers were:

Brazil, which purchased 15 tons for the first time since the beginning of the year; Kazakhstan, which purchased 8 tons; Guatemala – 6 tons; Russia purchased 3 tons of gold in September.

"Banks will continue to increase their gold purchases, which will lead to an even greater increase in prices – precious metals are in demand worldwide amid economic uncertainty," the expert noted.

Even greater demand for gold is expected if the US and China fail to reach a trade agreement: the imposition of tariffs and import bans on certain goods will lead market participants to seek to protect their assets. Factors driving up gold prices include the crises in Japan and France, as well as the US shutdown. This year alone, gold prices have increased by more than 50%, and are expected to rise by 27% in 2024.

09:00 11.11.2025

Source:

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.