Category: Russian Economy

Posted on

A differentiated approach: the preferential mortgage rate will be linked to the number of children

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

How does the Family Mortgage program work now?

Mortgage program The program for state support for families with children has been in operation in the Russian Federation for over seven years, and the terms have been adjusted several times. Thus, in 2025, the following people can apply for a loan:

at a preferential rate of 6% (standard mortgages are issued at 17% per annum and higher); if the family has at least one child under the age of six (or a child with disabilities under the age of 18); the down payment must be at least 20%; the loan amount is 12 million rubles in Moscow and the Moscow region, St. Petersburg and the Moscow region, 6 million rubles in other regions; housing can only be purchased in new buildings or on the secondary market in regions where there are no apartment buildings under construction.

"The preferential program has led to a doubling of real estate prices over five years, while construction volumes have only increased by 10% during this period," the head of the Central Bank of the Russian Federation stated regarding the downsides of state support.

Family mortgage The program is valid until 2030, but may be extended in the future, as it has been on several occasions. This benefit is aimed at stimulating the birth rate and providing opportunities for families in need to improve their housing conditions.

What changes to preferential mortgages are the authorities proposing?

The State Duma has instructed the Ministry of Finance and the Ministry of Construction to jointly develop changes to the terms of the Family Mortgage program. It is expected that the authorities will implement the following lending terms under the state-supported program:

The interest rate will be differentiated and linked to the number of children in the family; upon the birth of a new child, the rate will be automatically reduced; the minimum area of apartments available for purchase will be limited to 35 square meters; the possibility of linking rates to the region of residence and the size of the federal subject is also being considered.

The possibility of banning preferential mortgages outside the region of registration is also being discussed. This debate stems from the fact that 40% of loans were taken out by borrowers in Moscow and St. Petersburg, as housing construction is not taking place in smaller towns.

09:00 09/23/2025

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.

.

Posted on

Financial news: On September 24, 2025, the Territorial Development Fund will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The date of the deposit auction is September 24, 2025. The placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 8,010,000,000. Placement period, days 34. The date of depositing funds is September 24, 2025. The date of return of funds is October 28, 2025. The minimum placement interest rate, % per annum is 17. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 8,010,000,000. 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 10:30 to 10:40. Competitive bids from 10:40 to 10:45. The cutoff percentage may be set or the auction may be declared void by 10:55. Additional terms and conditions.

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.

Posted on

Financial News: Corporate lending accelerated further in August.

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

Banks' claims on companies (including investments in bonds) increased by 1.3% after 1.1% in July, with most of the increase coming from ruble corporate loans.

Mortgage growth also accelerated slightly, to 0.9% after 0.7% in July. The volume of loans issued increased by 10%, including not only subsidized loans but also market loans, driven by lower rates.

The consumer loan portfolio remained virtually unchanged after contracting by 0.5% in July.

Household funds increased by only 0.1% after 1.3% in July, likely due to spending on vacations and preparations for the school year. Corporate funds, however, grew more significantly, by 2.4% (1.4% in July).

The sector's net profit (excluding dividends from Russian subsidiary banks) almost halved to 203 billion rubles, down from 397 billion rubles in July.

For more details, read the information and analytical material "On the development of the banking sector of the Russian Federation in August 2025".

Preview photo: Greg Kelton / Shutterstock / Fotodom

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.

Posted on

From October 1, 2025, new conditions for tariffs and service packages for settlement and cash services for legal entities and individual entrepreneurs will be introduced.

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

Effective October 1, 2025, Solid Bank JSC will introduce a new version of its terms and conditions for RKO tariffs and service packages for legal entities and individual entrepreneurs across all regions where it operates.

Main changes – the date for charging the account maintenance fee / Service Package Fee has been changed.

– until October 1, 2025 – the commission is written off on the last working day of the month

– from October 1, 2025 – the commission will be written off in advance on the first business day of each month.

Please note,

– the commission for September will be written off on September 30, 2025

– the commission for October will be written off on October 1, 2025

For more information on other changes, see the Tariff Collections in the section “Tariffs and documents» 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.

.

Posted on

Financial news: On holding auctions on September 24, 2025, to place OFZ issues No. 26238RMFS and No. 26245RMFS

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

For bidders

We inform you that, based on a letter from the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Trading on the Stock Market, Deposit Market, and Loan Market of Moscow Exchange PJSC, the order establishes the form, time, duration, and procedure for holding auctions for the placement and trading of the following federal loan bonds:

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26238RMFS from June 11, 2021
Date of the auction September 24, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26238RMFS4
ISIN code RU000A1038V6
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

2.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26245RMFS from May 8, 2024
Date of the auction September 24, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26245RMFS9
ISIN code RU000A108EG6
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.
Trading time Trading hours: bid collection period: 12:00–12:30; bid execution period: 13:00–18:00.

Contact information for media: 7 (495) 363-3232Pr@moex.kom

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.

Posted on

Financial news: 09/23/2025, 15-31 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A107XF0 (VEB2P-K503) were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 23, 2025

15:31

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by NCC (JSC) on September 23, 2025, 15:31 (Moscow time), the values of the upper limit of the price corridor (up to 107.25) and the range of market risk assessment (up to 1341.9 rubles, equivalent to a rate of 11.25%) for the security RU000A107XF0 (VEB2P-K503) 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.

Posted on

Financial news: On September 24, 2025, JSC “SME Corporation” will hold a deposit auction.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Parameters;

The deposit auction date is September 24, 2025. Placement currency is RUB. The maximum amount of funds placed (in the placement currency) is 745,000,000. Placement term, days 33. Date of depositing funds is September 26, 2025. Date of return of funds is October 29, 2025. Minimum placement interest rate, % per annum is 16. Terms of the conclusion, urgent or special (Urgent). The minimum amount of funds placed for one application (in the placement currency) is 745,000,000. 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 10:30 to 10:40. Competitive bids from 10:40 to 10:50. The cutoff percentage may be set or the auction declared void by 11:30. Additional terms and conditions.

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.

Posted on

Financial news: 09/23/2025, 14-23 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A100W60 (EuroplanB3) security were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 23, 2025

14:23

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 September 23, 2025, 14:23 (Moscow time), the values of the upper limit of the price corridor (up to 145.31) and the range of market risk assessment (up to 1653.07 rubles, equivalent to a rate of 29.25%) of the RU000A100W60 (EuroplanB3) security 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.

Posted on

Financial News: Advisory Council to Discuss Symbols for New 500-Ruble Banknote

Translation. Region: Russian Federal

Source: Central Bank of Russia

An important disclaimer is at the bottom of this article.

The meeting will be attended by Bank of Russia Governor Elvira Nabiullina, Deputy Governor of the Bank of Russia Sergei Belov, General Director of the National Center "Russia" Natalia Virtuozova and members of the Advisory Council.

They will discuss symbols for the 500-ruble banknote dedicated to the North Caucasus Federal District and the city of Pyatigorsk, and determine the final list of objects for online voting.

Each participant in the public vote will then be asked to select one symbol for the front of the banknote and another for the back. The list for the front will include landmarks of Pyatigorsk, while the list for the back will feature famous monuments, historical and modern buildings, and cultural heritage sites from various regions of the district. Based on the voting results, a ranking of the symbols will be compiled, which artists from the Bank of Russia and Goznak will use in developing the banknote's design.

The event will take place at the National Center "Russia" at the following address: Moscow, Krasnopresnenskaya Embankment, Building 14. Accreditation journalists will continue until September 26 inclusive.

Preview photo: Buch and Bee / Shutterstock / Fotodom

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.

Posted on

Financial news: 09/23/2025, 14-13 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the RU000A100W60 (EuroplanB3) security were changed.

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

September 23, 2025

14:13

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on September 23, 2025, 14-13 (Moscow time), the values of the upper limit of the price corridor (up to 141.46) and the range of market risk assessment (up to 1611.5 rubles, equivalent to a rate of 26.0%) of the RU000A100W60 (EuroplanB3) security 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.