Category: Central Bank of Russia

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From September 1, microfinance organizations (MFOs) must check, whether the details for transferring an online loan really belong to the borrower. This will help fight fraudsters who draw up contracts for unsuspecting citizens and receive the money themselves.

Now MFIs will be required to verify the name, patronymic (if any) and last name (or the first letter of the last name) of the person who wants to take out a loan and the owner of the account or card to which the money will be received. To do this, they will request information about the owner of the account or card from the bank. In addition, the person can provide a certified certificate from the Federal Tax Service about the accounts and cards opened by him. This will speed up the receipt of the loan.

For clients who have already taken out two or more loans from an MFI within a year prior to the date of the new application and used the same bank account or card, verification is not required.

If a person does not plan to take out a loan in the near future, he can set self-prohibition to conclude consumer credit or loan agreements with him.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Bank customers who have had their accounts and cards suspended or their access to remote banking services (such as a mobile application) restricted should know the grounds for this and what to do to restore service. This is reported ininformation letter of the Bank of Russia.

Nowadays, people often do not understand why their card was blocked and how to solve this problem, since credit institutions do not always clearly disclose the reasons for their actions.

In its letter, the regulator draws attention to the fact that banks must provide their clients with full information on the basis of which federal law and in accordance with which of its provisions the decision was made. Banks should clearly distinguish between the requirements of Federal Law No. 161-FZ "On the National Payment System", aimed at combating fraudulent transactions, and Federal Law No. 115-FZ "On Combating the Legalization (Laundering) of Criminally Obtained Incomes and the Financing of Terrorism". It is important that banks inform clients of what they need to do to protect their rights and lift restrictions.

Currently, the regulator records cases where a bank, referring to both laws simultaneously, does not have sufficient grounds for introducing double restrictions. This practice is also unacceptable, and banks should avoid it.

The Bank of Russia will monitor how credit institutions comply with its recommendations.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From September 1, 2025, health insurance organizations (except foreign insurance organizations) engaged in compulsory medical insurance will be able to operate throughout the territory of Russia.

Federal Law No. 552-FZ of 28.12.2024 "On Amendments to Certain Legislative Acts of the Russian Federation" comes into force. Previously issued licenses for the provision of compulsory medical insurance services with a list of regions for work on the territory of the Russian Federation are subject to renewal within a year, until September 1, 2026. More details about changes— on the website of the Bank of Russia.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The new admission rules take into account the changes made to the Federal Law “On Mutual Insurance Societies” and the Law “On the Organization of Insurance Business in the Russian Federation” and will come into force on September 1, 2025.

The main innovations in the admission procedure were the presence of mutual insurance companies' own funds (capital) and the expansion of requirements for the business reputation of officials, similar to those of insurance organizations: the qualification requirements for managers are similar to the requirements for managers of an insurance organization.

More details about changes— on the website of the Bank of Russia.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Retail investors' assets in brokerage accounts grew to 11 trillion rubles thanks to the influx of new money and the growth in the cost of bonds. The number of clients with more than 10 thousand rubles in their accounts increased to 5.1 million people.

Net contributions from retail investors amounted to 574 billion rubles, almost twice as much as a year earlier. This was influenced by a decrease in deposit rates and market expectations of further easing of monetary policy.

The investment structure has changed slightly. The share of bonds has grown to 35%, the highest since the end of 2020. In anticipation of further rate cuts, investors sought to secure high yields on long-term OFZs and medium-term corporate bonds. The share of Russian stocks in the portfolio has decreased to 28%, the lowest since the end of 2022. Units account for 16%, of which 9% are units of money market exchange-traded funds.

Read more in"Review of key indicators of brokers for the second quarter of 2025".

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Business program The Finopolis Forum of Innovative Financial Technologies includes five plenary discussions and about 30 thematic sessions.

The forum will open with a plenary discussion "National Digital Infrastructure of the Financial Market (DIFI): in Search of Balance" with the participation of the Chairman of the Bank of Russia Elvira Nabiullina. The leitmotif of the discussion is how to develop digital technologies and at the same time ensure safety and comfort for citizens when using innovative services.

Thematic sessions cover the widest range of topical issues: biometrics, artificial intelligence, digital financial assets, cryptocurrencies, experimental legal regimes and many others.

Traditionally, the forum will host the final of the Finopolis.365 Youth Program. The authors of the best projects based on the results of seven case championships held in the regions of Russia will present their developments to the jury.

The forum will conclude with a session devoted to digital financial fiction. Visionaries will try to predict how the financial system will develop, what products and services people will use in the future, and what financial market participants will look like in decades.

Finopolis 2025 will be held on October 8–10 at the federal territory of Sirius. The organizer of the forum is the Bank of Russia.

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

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Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The maximum growth (by 7.3%) in the second quarter of 2025 was shown by pension reserves of non-state pension funds (NPF). They increased due to an increase in income from the placement of these funds, as well as the inflow of money into the non-state pension provision program and the long-term savings program. The volume of pension reserves amounted to 2.5 trillion rubles.

Pension savings of the funds increased by 3.2%, to 3.5 trillion rubles, due to the growth of investment income. The average weighted yield (before paying remuneration to the fund) of pension savings increased to 15.5% per annum, pension reserves – to 19% per annum.

In the second quarter, NPFs mainly acquired OFZ with a constant coupon income, and they also expanded their investments in shares. These financial instruments were popular in anticipation of further price growth in the stock and bond market against the backdrop of a reduction in the key rate.

Read more in"Review of key indicators of non-state pension funds for the second quarter of 2025".

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The Bank of Russia has approved amendments to the Participation Plan of the State Corporation “Deposit Insurance Agency” (hereinafter referred to as the Agency) in the implementation of measures to prevent the bankruptcy of INVESTTORGBANK JSC (hereinafter referred to as the Bank).

In accordance with the specified changes, the Agency will independently continue to implement measures to prevent the bankruptcy of the Bank. TKB BANK PJSC will cease participation in the financial recovery of the Bank as an investor after the relevant decisions are made by the management bodies of TKB BANK PJSC.

The bank will continue to fulfill all its obligations to its clients.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The growth in the value of assets of management companies' clients in the second quarter of 2025 accelerated to 7.1%.

This is mainly due to the inflow of funds into mutual investment funds (MIF) — 640.3 billion rubles. Closed-end MIFs accounted for 63%, open-end funds — 22%, and exchange-traded funds — 13%. The management company manages 29.7 trillion rubles.

Individual trust management strategies have become popular. Over the quarter, the number of contracts concluded with retail clients increased by 25%, to 122 thousand. They invested 70 billion rubles in trust management — this is the maximum quarterly net inflow figure over the past 3 years. The asset portfolio of retail investors reached 2 trillion rubles.

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

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

From this date, loans and credits from 50 thousand to 200 thousand rubles will be available for use only 4 hours after signing a consumer loan agreement with the client, and over 200 thousand rubles – after 48 hours. While the cooling-off period is in effect, a person has the right to refuse borrowed money. Such rules are established by law, which will help protect people from taking out loans and credits under the influence of fraudsters.

The cooling-off period will not apply to loans and credits of up to 50 thousand rubles, as well as mortgages, educational loans and car loans (if the money is transferred to the seller of the car – a legal entity). It will be possible to quickly purchase goods and services on credit only if a person comes to a store (organization). The deferment will not affect loans that are issued with the participation of a co-borrower or guarantors, as well as a trustee of the borrower. Without delays, it is possible to refinance previously issued loans and credits if the amount of the debt does not increase.

For more information on the cooling-off period and other innovations to combat credit fraud, see the section "Questions and Answers".

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Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.