Financial news: Moderate growth in corporate loan portfolio and mortgages is expected in 2026.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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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.

Financial news: Russian financial markets remained stable in February.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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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.

Marat Khusnullin: The first round of digital skills training at construction colleges has been completed.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Russia's construction industry continues to implement the roadmap for the Concept for Training Personnel for the Construction and Housing and Utilities Sectors through 2035. One of the key areas of this work is the early professionalization of future specialists. The DOM.RF Technologies Academy has completed the first cohort of a federal educational module on digital competencies for students in secondary vocational education, announced Marat Khusnullin, Deputy Prime Minister and Chairman of the DOM.RF Supervisory Board.

"The development of qualified personnel is strategically important for achieving the country's national development goals, and today we are placing particular emphasis on the digital transformation of the industry. It's important that future construction workers master modern domestic technologies and software while already in college. The first wave of digital skills training at construction colleges has been completed today, covering five regions: Krasnodar Krai, Kaliningrad and Ulyanovsk Oblasts, and the Republics of Mari El and Sakha (Yakutia). Given that the secondary vocational education system currently accounts for a significant portion of the influx of young specialists into the construction industry, such projects are intended to play a significant role in renewing the workforce and improving the quality of graduate training," said Marat Khusnullin.

The project began in September 2025 and was held at the Krasnodar Polytechnic College, the College of Construction and Professional Technologies in the Kaliningrad Region, the Yoshkar-Ola Construction College, the Yakutsk Municipal Construction College, and the Ulyanovsk College of Urban Planning and Law.

The educational module was integrated into the existing curricula and built around practical tasks. Over the course of six months, students studied digitalization tools for the construction industry, information modeling technologies, and the application of artificial intelligence. They worked with domestic software—the DOM.RF Technologies solution (Digital Construction Control) and ASCON products (Renga, Pilot-BIM)—and participated in project sessions and meetings with industry experts.

A key feature of the program was its adaptability: for each college, the module was adjusted to suit the students' specific training profile and current academic workload, which allowed for a more practical focus on the curriculum without placing additional burden on the teaching staff.

"Today, the construction industry is rapidly transforming, adopting new technological and management standards, requiring updated approaches to training even at the college level. In this context, early profiling and project-based work with modern digital tools are crucial. DOM.RF implements and supports digital educational projects aimed at developing the industry. Our priority is to train specialists who will be ready to tackle complex technological challenges, introduce innovations in housing construction, and shape a new urban environment," noted Alexey Nidens, First Deputy General Director of DOM.RF.

The project will help strengthen colleges' interactions with regional employers. Incorporating industry-specific objectives into the educational process allows for the development of a sustainable "college-business" model, whereby student training is directly tailored to the needs of construction companies.

The program is implemented for educational institutions entirely on a non-profit basis. Its geographic expansion is planned for 2026.

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.

Dmitry Chernyshenko presented the Government's tourism awards for 2025.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Dmitry Chernyshenko presented the 2025 Government Tourism Awards. The award winners were also congratulated by Sangadzhi Tarbaev, Chairman of the State Duma Committee on Tourism and Tourism Infrastructure Development, and Dmitry Vakhrukov, Deputy Minister of Economic Development.

The 2025 Prize Laureates are:

1. The socio-patriotic railway tourism project "We Don't Abandon Our Own!" in the nomination "For the Best Project for the Development of Social Tourism."

2. "Active tourism for people with disabilities" in the nomination "For the best project for the development of social tourism".

3. "Feel Dagestan" in the nomination "For the best project for the development of social tourism".

4. "Tourism. A 300-Year Journey" in the nomination "For the best project for promoting tourism products of the Russian Federation aimed at popularizing domestic and international tourism (promotion of regional tourism resources, guidebook, website, etc.)."

5. The project “Development of Industrial Tourism in the Regions of the Russian Federation” in the nomination “For the Best Project for the Development of Domestic and Inbound Tourism”.

6. "The integrated system of continuous training of personnel of the Russian International Academy of Tourism in cooperation with large enterprises of the tourism industry (JSC CSTE (holding) and TGC Izmailovo)" in the nomination "For the best project in the field of professional education in the field of tourism".

7. "Creating an innovative model for promoting an interregional tourism product using the example of the Silver Necklace of Russia project" in the nomination "For the best innovative project in the field of tourism."

8. "Best Family Hotel" in the nomination "For the best project for the development of the hotel industry".

9. Investment project "Sanatorium of the XXI century – Istochnik Zheleznovodsk" in the nomination "For the best investment project for the development of tourism industry facilities".

10. “Research work “Regional policy for the formation of tourism potential” in the nomination “For the best scientific development (research) in the field of tourism”.

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.

Financial news: On March 11, 2026, UK FRT LLC will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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Parameters:

The deposit auction date is 11.03.2026. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 396,000,000. Placement term is 22 days. Date of depositing funds is 11.03.2026. Date of return of funds is 02.04.2026. Minimum placement interest rate, % per annum is 15.5. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 396,000,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement. Schedule (Moscow time). Preliminary bids from 3:00 PM to 3:10 PM. Competitive bids from 3:10 PM to 3:15 PM. The cutoff percentage may be set or the auction may be declared void by 3:25 PM.

Additional conditions with the right of early withdrawal of the deposit at a rate of 0.01% per annum.

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.

Financial news: The Bank of Russia invites students for internships.

Translation. Region: Russian Federation –

Source: Central Bank of Russia

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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.

Financial news: 03/11/2026, 11:55 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0JXMP0 (PochtaRosB4) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 11, 2026

11:55

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 11, 2026, 11:55 (Moscow time), the values of the upper limit of the price corridor (up to 140.44) and the range of market risk assessment (up to 1765.95 rubles, equivalent to a rate of 62.5%) for the security RU000A0JXMP0 (PochtaRosB4) were changed.

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.

Financial news: 03/11/2026, 10:43 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A1036S6 (FSC RS1R3) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

March 11, 2026

10:43

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the NCC (JSC) on March 11, 2026, 10:43 (Moscow time), the values of the upper limit of the price corridor (up to 93.13) and the range of market risk assessment (up to 979.55 rubles, equivalent to a rate of 13.75%) for security RU000A1036S6 (FSC RS1R3) were changed.

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.

Financial news: March 11, 2026. The Investment Agency will hold a deposit auction.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters:

The deposit auction date is 11.03.2026. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 121,388,000. Placement period, days – 85. Date of depositing funds is 11.03.2026. Date of return of funds is 04.06.2026. Minimum placement interest rate, % per annum is 14.5. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 62,500,000. The maximum number of applications from one Participant, pcs. 1. Auction form, open or closed (Open).

The basis of the Agreement is the General Agreement.

Schedule (Moscow time). Pre-bids from 12:15 to 12:30. Competitive bids from 12:30 to 12:40. The cutoff interest rate will be set or the auction will be declared void by 1:10 PM. Additional terms and conditions include: Deposits are deposited without the option of early withdrawal, and interest on the deposit is paid monthly.

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.

Alexander Novak met with the head of Ingushetia, Makhmud-Ali Kalimatov.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Alexander Novak held a working meeting with the head of the Republic of Ingushetia, Makhmud-Ali Kalimatov.

The discussion focused on the region's socioeconomic development, prospects for gasification and modernization of gas distribution infrastructure, and the implementation of measures across the republic aimed at increasing labor productivity in the region's economic sectors.

Ingushetia's economic development model was discussed separately, including the implementation of several breakthrough projects that are a particular focus of Alexander Novak. These include the Digital Development Academy and IT hotel, the construction of a 22-hectare greenhouse complex and a poultry farm with a capacity of over 10,000 tons per year, the all-season tourist and recreational resort "Armkhi," and the reconstruction of Soglasiya Square in Magas. In terms of industry, the aluminum cluster and the creation of the Dzheyrakh industrial park are breakthrough projects. Furthermore, several factories are being built in the republic, including one for the production of household chemicals, a liquefied natural gas plant with a cryogenic fueling station, and wastewater treatment facilities.

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.