Category: Central Bank of Russia

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The growth of the housing construction project financing portfolio in the second quarter amounted to 0.7 trillion rubles (0.4 trillion rubles in the previous quarter). Loan issuances increased slightly due to the launch of new projects, while repayments, on the contrary, decreased due to a slowdown in the commissioning of buildings.

Project financing provided about 60% of the total growth of the corporate loan portfolio for the quarter. Developers' debt at the end of the second quarter exceeded 9.3 trillion rubles (48% of the banking sector capital).

Sales of apartments under equity participation agreements in construction in value terms decreased slightly (-6%, to 1.3 trillion rubles). At the same time, receipts to escrow accounts remained at the level of the first quarter (1.1 trillion rubles). The difference between sales and receipts is mainly due to the provision of installments. At the same time, the volume of sales by installments is slightly higher than can be judged by this difference, since part of the receipts to escrow accounts are payments on previously taken installments.

The average weighted rate on the project financing portfolio increased to 10.7% per annum (0.4 percentage points per quarter), but remains significantly lower than the average lending rate in the corporate segment (18.9%).

Read more in the review "On project financing of housing construction in the second quarter of 2025".

Preview photo: Evgeny Messman/TASS

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.

From September 1, 2025, banks that issued a payment card to a client are required to check, when issuing cash through ATMs, whether the person is under the influence of fraudsters, and whether the transaction is being carried out by an intruder. The Bank of Russia determined nine signs, which will be used by credit institutions.

If the transaction meets at least one of the criteria, the bank will immediately notify the client and impose a temporary limit on cash withdrawals from an ATM for 48 hours — up to 50 thousand rubles per day. A larger amount can be withdrawn during this period at a bank branch. The method of notification is stipulated by the client's agreement with the bank. As a rule, this is an SMS message or a push notification.

Signs of possible fraud include atypical behavior when withdrawing money. The bank will take into account an unusual time of day, an atypical amount or location of the ATM, as well as a request to issue funds in an unusual way for the client, for example, not from a card, but by QR code or digital (virtual) card. Another sign is the availability of information from the credit institution that at least 6 hours before the transaction, the person's telephone activity changed, the number of SMS messages from new numbers increased, including in messengers.

The bank may decide that the client is under the influence of fraudsters if he or she withdraws money within 24 hours after taking out a loan (credit) or increases the limit on cash withdrawals, including by credit card, and also transfers more than 200 thousand rubles to his or her account via the SBP from his or her account in another bank or closes a deposit for a similar amount early.

The list of suspicious signs also includes a change in the phone number for authorization in the Internet bank, receiving information (including from telecom operators) that the characteristics of the phone with which the client withdraws money have changed, or the presence of malware on his device. Separate criteria are provided for withdrawing money using tokenized cards.

Preview photo: Drazen Zigic / Shutterstock / Fotodom

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 population's mortgage debt (including the mortgage portfolio and securitized loans), according to preliminary data, increased by 0.7% (0.6% in June), which is comparable to the average monthly increase for the first half of 2024. The volume of mortgage issuances for the month increased by 15%.

The consumer loan portfolio continued to shrink, by 0.5% according to preliminary data, after a 0.8% decrease in June. Interest rates on them are still high, although they are gradually decreasing.

The banking sector's claims on companies (including bond investments) increased by 1.1% (0.9% the previous month). About a third of the increase came from housing developers.

The growth rate of household funds in banks is comparable to the previous month: 1.3% after 1.5% in June. Legal entities' funds increased by a significant 1.4% (-0.2% in June), which is partly explained by the advance payment of government contracts.

The sector's profit (RUB 397 billion) remained at the June level (RUB 392 billion minus dividends from Russian subsidiary banks).

Read more in the information and analytical material "On the development of the banking sector of the Russian Federation in July 2025".

Preview photo: Valentin Antonov / TASS

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 1st this year, people will have new opportunity protect yourself and your loved ones from fraudsters. Control over banking operations can now be entrusted to a relative or friend, who will have the right to confirm or reject money transfers if they seem suspicious. At the same time, the assistant will not have access to the account and the right to carry out independent operations.

This measure will protect the most vulnerable citizens, especially the elderly, from fraudsters, and will also strengthen parental control over transfers by teenagers, who often find themselves involved in dropper schemes without proper understanding of the negative consequences.

The transaction is confirmed or rejected within 12 hours from the moment of notification. Only the client can initiate the service connection. Each bank determines the method of service connection independently. If the client refuses the service, the bank will be obliged to disconnect it within 24 hours. Such a cooling-off period will reduce the risk of the "second hand" service being disconnected under the influence of fraudsters.

The mechanism applies to money transfers, including those using bank cards, transfers through the Fast Payment System and cash withdrawals.

Preview photo: Viktoriia Hnatiuk / Shutterstock / Fotodom

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.

Imports in the second quarter of 2025 expanded compared to the same period last year, largely due to services, including increased spending by Russians on trips abroad. The growth of imports of goods was restrained by factors such as an increase in the recycling fee, large inventories, and high interest rates on loans.

Exports, on the other hand, remained below last year's level. This was due to lower world prices for oil and coal, OPEC oil production restrictions, reduced grain stocks and export quotas.

As a result of the decline in exports and the increase in imports in dollar terms, the current account surplus declined in the second quarter.

Read more in the quarterly issue of the information and analytical commentary "Balance of Payments of the Russian Federation".

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 assessed the risks of money laundering and terrorist financing (ML/FT) in the financial sector over the past 5 years andpublishes a report on the results.

This work is carried out taking into account the recommendations of the Financial Action Task Force on Money Laundering (FATF).

The regulator has formed an assessment of the risk level for each sector of the financial market supervised by the Bank of Russia. The probability of various schemes being manifested in them has been analyzed, and characteristic features of income laundering methods have been identified. This information helps to increase participants' awareness of ML/FT risks and the effectiveness of work to prevent them. Based on this data, the regulator is developing measures to reduce the possible use of financial institutions in illegal activities.

The Bank of Russia conducted a sectoral risk assessment taking into account the results national risk assessments money laundering and terrorist financing.

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 market driver in Q2 2025 was loans with a moderate interest rate, where the total cost of credit (TCC) does not exceed 100% per annum. First of all, this is the issuance of new tranches within previously opened credit lines for the purchase of goods on marketplaces and online retail outlets. At the same time, the share of the most expensive loans decreased to 47.6%, falling below half of quarterly consumer loans issued by microfinance organizations (MFOs) for the first time.

The volume of loans issued by microfinance organizations associated with the largest marketplaces and non-banking settlement credit organizations once again exceeded the figures of independent microfinance organizations, which, on the contrary, have been declining in loans for the second quarter in a row.

The quality of the MFI loan portfolio has worsened in both the business and consumer loan segments: the level of overdue loans over 90 days has increased after a long decline. The main reason was the maturing of overdue loans on consumer loans issued in Q4 2024 and Q1 2025. Only 11% of the volume of loans issued during this period ended in full repayment, with clients not taking out new loans. Almost half of the loans were issued to borrowers who, after repaying one loan, took out a new one and fell into a debt spiral, and in 20% of cases, their debt increased. Among loans with overdue payments, in every fourth case, borrowers failed to cope with the debt burden on the first payment. On the one hand, this indicates excessive indebtedness of citizens, and on the other, the continued increased risk appetite of MFIs.

The introduction of a new system of credit will help reduce the debt burden of citizens the obligation to take into account only the official income of the borrower when assessing his debt burden, and also limiting the number of expensive loans in operation at the same timeand establishing a cooling-off period between them.

Read more in"Trends in the MFI market for the second quarter of 2025".

Preview photo: YesPhotographers / Shutterstock / Fotodom

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.

Among the initiatives planned to be implemented by the end of 2025 is a clarification of approaches to the provisioning of loans to individuals, in particular to the use of official data to assess the financial position of borrowers. The concept of supervisory stress testing and the concept of subordinated capital instruments will be published.

Next year, it is planned to review approaches to reserving loans for legal entities — in particular, to define a mandatory set of debt burden indicators and the limits of their values for assessing the financial position of borrowers. The possibility of allowing banks to apply reduced risk weights for loans under public-private partnership agreements is also being considered.

Among the stages already completed, the following can be highlighted:

Preview photo: Shotmedia / Shutterstock / Fotodom

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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