Category: Russian Finance

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Financial News: Questions and Answers: Social Bank Deposit and Social Bank Account

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Updated: 18.03.2024

The following persons have the right to insurance compensation:

– small businesses;

— non-profit organizations (NPOs) that operate in one of the following organizational and legal forms:

a) property owners' associations;

b) consumer cooperatives, with the exception of financial institutions;

c) Cossack societies included in the register of Cossack societies;

d) communities of indigenous peoples of Russia;

d) religious organizations;

e) charitable foundations;

3) NPOs – providers of socially useful services that meet the requirements established by Federal Law No. 7-FZ of 12.01.1996 "On Non-Commercial Organizations", information about which is contained in the register of non-commercial organizations – providers of socially useful services.

From 25.03.2024, the deposit insurance system will also extend to:

1) medium-sized enterprises included in the relevant register, with the exception of entities that are credit institutions and non-credit financial institutions in accordance with the Federal Law “On the Central Bank of the Russian Federation (Bank of Russia)”;

2) socially oriented non-profit organizations, as well as trade unions (trade union organizations).

3) lawyers, notaries and other persons carrying out professional activities provided for by federal law.

The maximum amount of insurance compensation will be 1.4 million rubles for accounts and deposits in one bank.

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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Financial news: Methodological recommendations, including control ratios (NO AIF and UK, NO BKI, NO PURTSB, NO SD)

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

The final XBRL taxonomy of the Bank of Russia (version 7.0), in comparison with the preliminary XBRL taxonomy of the Bank of Russia (version 7.0), contains architectural amendments to the supervisory and statistical reporting module, as well as control ratios of indicators of supervisory and statistical reporting of non-credit financial institutions, entities providing professional services in the financial market, and self-regulatory organizations in the financial market (hereinafter referred to as financial market participants).

The final XBRL taxonomy of the Bank of Russia (version 7.0) contains a finalized set of requirements for reporting data in terms of supervisory and statistical reporting for the following segments:

1) insurance organizations, mutual insurance societies, foreign insurance organizations (subject to the entry into force of the draft Bank of Russia instruction1);

2) non-state pension funds (subject to the entry into force of the draft Bank of Russia instruction2);

3) professional participants in the securities market, trade organizers, clearing organizations (subject to the entry into force of the draft Bank of Russia instruction3);

4) joint-stock investment funds, investment fund management companies, mutual investment funds, non-state pension funds (subject to the entry into force of the draft Bank of Russia instruction4);

5) specialized depositories (subject to the entry into force of the draft Bank of Russia instruction5);

6) credit rating agencies (subject to the entry into force of the draft Bank of Russia instruction6);

7) insurance brokers (subject to the entry into force of the draft Bank of Russia instruction7);

8) credit history bureau (subject to the entry into force of the draft Bank of Russia instruction8);

9) operators of investment platforms, operators of financial platforms, operators of information systems in which digital financial assets are issued, operators of digital financial asset exchange (subject to the entry into force of the draft Bank of Russia instruction9);

10) payment acceptance operators (subject to the entry into force of the draft Bank of Russia instruction10);

11) self-regulatory organizations in the financial market (submission in accordance with the current Bank of Russia Instruction dated 10.06.2024 No. 6744-U11).

The final XBRL taxonomy of the Bank of Russia (version 7.0) also contains a finalized set of requirements for reporting data on cash transactions (OKUD 0420011) (presentation in accordance with the current Bank of Russia Instruction dated 28.06.2024 No. 6789-U12) and requirements for reporting data of annual consolidated financial statements (presentation in accordance with the current Bank of Russia Instruction dated 20.07.2020 No. 5510-U13).

The specified version of the XBRL taxonomy of the Bank of Russia is intended for review.

In the future, it is planned to publish a corrective version of the final XBRL taxonomy of the Bank of Russia (version 7.1), which will include corrected control ratios and other targeted improvements, with a planned entry into force date of 01.01.2026.

Information about the pilot collection of test reporting will be provided additionally.

Please note that the final XBRL taxonomy of the Bank of Russia (version 7.0) does not contain requirements for the accounting (financial) reporting of non-credit financial institutions and persons providing professional services in the financial market.

1 The project of instructions of the Bank of Russia “On the Forms, Dates and Procedure of the Compilation and Presentation of the Reporting of Insurers to the Bank of Russia.” The project of the Bank of Russia “On Amending the Bank of Russia dated June 28, 2024 No. 6796-U”. and clearing organizations, as well as other information. ”4 Project of the Bank of Russia instructions“ On Amending the Bank of Russia dated October 5, 2022 No. 6292-U. ”Design of indicating the Bank of Russia“ On Amending the Bank of Russia dated September 27, 2022 No. 6270-U. ”The draft of the Bank of Russia instruction“ On the content of the reporting of the credit rating agency, the subject, form, form and form of terms and procedure, form, form and manner. its compilation and submission to the Bank of Russia. ”The project of instructions of the Bank of Russia“ On Amendments to the Bank of Russia dated June 28, 2024 No. 6795 ”.8 The draft Bank of Russia instructions“ On Amending the Bank of Russia dated September 27, 2022 No. 6267-U. ”9 Draft of the Bank of Russia instructions “On the procedure and the terms for the procedure and submission to the Bank of the reports of investment operators platforms, reporting of financial platforms operators, information systems operators in which digital financial assets are issued, digital financial assets exchange operators, reports of investment platform operators and the composition of the information included in them, financial platform operators, as well as the procedure for reporters of investment platforms, financial platform operators, and information operators. systems in which digital financial assets are issued, information exchange operators to the Bank of Russia information about persons who are entrusted with identification, simplified identification, updating information about customers, customer representatives, beneficiaries and beneficial owners .10 Project of the Bank of Russia “On the form, Preject of drawing up, terms and procedure for submitting to the Bank of Russia Bank reports of operators for receiving payments, on the procedure for the report of the Bank of Russia, information about persons who are entering the receipt of identification, updating information about clients, customer representatives, beneficiaries and beneficial owners .11 Bank of Russia indication dated 10.06.2024 No. 6744-U “On the content, forms, procedure and terms for compiling and submission to the Bank of Russia in the Bank of Russia Reporting of a self-regulatory organization in the field of the financial market. ”12 Bank of Russia indication dated 06.28.2024 No. 6789-U “On the forms, terms and procedure for drawing up and submission to the Bank of Russia reports on transactions with cash funds of individual non-credit financial organizations. ”13 Bank of Russia indication dated 20.07.2020 No. 5510-U“ On the Procedure and Dates for submission to the Russian Banking Bank Consolidated financial statements by organizations specified in paragraphs 2-5 of part 1 of Article 2 of the Federal Law of July 27, 2010 No. 208-ФЗ “On Consolidated Financial Reporting”.

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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Financial news: Average daily turnover of the interbank loan (deposit) market and repo transactions

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

In connection with the entry into force of the Bank of Russia Instruction of May 28, 2003 No. 1283-U “On the procedure for establishing by the Bank of Russia official prices for refined precious metals”, from July 7, 2003 the Bank of Russia introduced the following procedure for establishing official prices for refined precious metals (gold, silver, platinum and palladium).

Every working day, the Bank of Russia calculates official prices based on the fixing values for gold, silver, platinum and palladium on the London spot metal market in effect at the time of calculation, and converts them into rubles at the official exchange rate of the US dollar to the Russian ruble in effect on the day following the day the official prices were established.

Book prices are used for accounting purposes in credit organizations.

anizations, starting from the calendar day following the day of their establishment, and are valid until the new values of the accounting prices come into force.

By Bank of Russia Instruction No. 1284-U of 28 May 2003 "On the Recognition of Certain Regulatory Acts of the Bank of Russia as Invalid", the Bank of Russia Instruction No. 652-U of 30 September 1999 "On the Procedure for Calculating Quotations for the Purchase and Sale of Refined Precious Metals by the Bank of Russia in Transactions with Credit Institutions" (with amendments and additions), which determined the procedure for establishing prices for transactions for the purchase and sale of precious metals by the Bank of Russia on the domestic market, was cancelled.

Transactions for the purchase and sale of refined precious metals by the Bank of Russia on the domestic market will be concluded on market terms at prices that take into account the current situation on the world market and the level of risks of the Bank of Russia associated with fluctuations in world prices for refined precious metals.

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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Just Four Months – Russians Reveal How Long They Are Ready to Live Without a Salary

Translation. Region: Russian Federal

Source: Mainfin Bank –

An important disclaimer is at the bottom of this article.

How do Russians evaluate the financial “safety cushion”?

During the survey, 38% of Russians admitted to having no savings – they have no savings, so not receiving a salary in the first month will have a negative impact on their standard of living. The remaining citizens noted that they have a "safety cushion", savings are enough to live without income:

13% of Russians – no more than a month; 24% – within two months; another 12% of citizens will be able to hold out for up to six months; 7% of respondents are ready to live on savings for up to a year; only 6% of Russians have savings that will last for a year or more.

A similar picture was demonstrated by the results of a similar survey conducted a year earlier. Then, 27% of respondents stated that their savings would last up to three months, and 12% – up to six months. The typical portrait of a person with savings was a family man, holding a management position in a large city and having a higher education.

What has changed in the area of financial literacy among Russians?

Although almost 40% of Russians do not have savings, the level of economic literacy in the country continues to grow. As the results of the study showed:

78% of the population control the family budget; 80% of citizens plan income and purchases; about 50% of respondents keep track of their funds.

“Surveys show that Russians are attentive to money – many plan a budget, control expenses, and keep records,” the expert noted.

By the way, the literacy level of men is higher than that of women. Representatives of the stronger sex tend to plan expenses for a longer period – from six months: women are more likely to make impulsive purchases. Experts reminded that having a “safety cushion” for 3-6 months is the optimal solution that will allow you to survive a crisis or force majeure.

12:00 07/15/2025

Source:

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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Financial news: MTPL: key facts.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Performance indicators of insurers based on the Report on the structure of financial results by insurers

Feedback

Due to changes in the methodology for generating reporting indicators in Form 0420162 “Information on the insurer’s activities”, the amount of insurance premiums, starting with data for the first quarter of 2023, may not be fully comparable with the indicators for the comparative periods of the previous year. For a correct comparison of the volume of insurance premiums for reporting periods with similar periods of the previous year, information has been published on form 0420158 "Report on the structure of financial results by accounting groups".

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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Financial News: Key Stock Market Indicators.

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

In connection with the entry into force of the Bank of Russia Instruction of May 28, 2003 No. 1283-U “On the procedure for establishing by the Bank of Russia official prices for refined precious metals”, from July 7, 2003 the Bank of Russia introduced the following procedure for establishing official prices for refined precious metals (gold, silver, platinum and palladium).

Every working day, the Bank of Russia calculates official prices based on the fixing values for gold, silver, platinum and palladium on the London spot metal market in effect at the time of calculation, and converts them into rubles at the official exchange rate of the US dollar to the Russian ruble in effect on the day following the day the official prices were established.

Book prices are used for accounting purposes in credit organizations.

anizations, starting from the calendar day following the day of their establishment, and are valid until the new values of the accounting prices come into force.

By Bank of Russia Instruction No. 1284-U of 28 May 2003 "On the Recognition of Certain Regulatory Acts of the Bank of Russia as Invalid", the Bank of Russia Instruction No. 652-U of 30 September 1999 "On the Procedure for Calculating Quotations for the Purchase and Sale of Refined Precious Metals by the Bank of Russia in Transactions with Credit Institutions" (with amendments and additions), which determined the procedure for establishing prices for transactions for the purchase and sale of precious metals by the Bank of Russia on the domestic market, was cancelled.

Transactions for the purchase and sale of refined precious metals by the Bank of Russia on the domestic market will be concluded on market terms at prices that take into account the current situation on the world market and the level of risks of the Bank of Russia associated with fluctuations in world prices for refined precious metals.

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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Financial news: "Statistical indicators of the banking sector of the Russian Federation" (Internet version) Express issue No. 5, 2025

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Due to the cancellation of the submission of reports by territorial banks of Sberbank of Russia on form 0409101 "Turnover statement for the accounts of the accounting of a credit institution" for the constituent entities of the Russian Federation (Bank of Russia Instruction dated 31.05.2014 No. 3269-U "On Amendments to Bank of Russia Instruction dated 12.11.09 No. 2332-U", clause 1.1.1), the publication of regional tables calculated on the basis of the reports of head offices and branches of credit institutions located in the regions has been discontinued. This decision was made as part of reducing the administrative burden on banks and optimizing reporting.

A significant volume of indicators in the regional context is published on the Bank of Russia website in the Statistics section, the Banking Sector subsection, the Information on Placed and Raised Funds section, as well as in the Bank of Russia publication Banking Statistics Bulletin (also posted on the Bank of Russia website in the Bank of Russia Publications section).

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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Financial news: Dynamic series of indicators of individual tables of the collection "Statistical indicators of the banking sector of the Russian Federation"

Translation. Region: Russian Federal

Source: Central Bank of Russia –

An important disclaimer is at the bottom of this article.

Due to the cancellation of the submission of reports by territorial banks of Sberbank of Russia on form 0409101 "Turnover statement for the accounts of the accounting of a credit institution" for the constituent entities of the Russian Federation (Bank of Russia Instruction dated 31.05.2014 No. 3269-U "On Amendments to Bank of Russia Instruction dated 12.11.09 No. 2332-U", clause 1.1.1), the publication of regional tables calculated on the basis of the reports of head offices and branches of credit institutions located in the regions has been discontinued. This decision was made as part of reducing the administrative burden on banks and optimizing reporting.

A significant volume of indicators in the regional context is published on the Bank of Russia website in the Statistics section, the Banking Sector subsection, the Information on Placed and Raised Funds section, as well as in the Bank of Russia publication Banking Statistics Bulletin (also posted on the Bank of Russia website in the Bank of Russia Publications section).

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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Solid Bank has joined the implementation of the Long-Term Savings Program

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Solid Bank, together with its partner JSC NPF GAZFOND Pension Savings, has launched a unique savings product – the Long-Term Savings Program. The program was developed by the Bank of Russia and the Ministry of Finance on behalf of the President of the Russian Federation. With it, citizens will be able to create capital or a financial cushion with state support. Savings are formed through personal contributions, state co-financing and the fund’s investment income.

The long-term savings program has the following benefits for depositors:

• State support in the form of cash contributions of up to 36,000₽/year for 10 years.

• Possibility of receiving a tax deduction in the amount of 13%-22% of the amount of contributions paid, not exceeding 400,000₽/year. That is, the client can receive about 52,000-88,000₽/year. This depends on the annual income of the depositor and the personal income tax rate applied to his income.

• Savings are insured by the Deposit Insurance Agency. Personal savings contributions and investment income on them are insured in the amount of up to 2.8 million ₽. And pension savings transferred from the OPS, additional incentive contributions (state co-financing) and investment income on these funds are fully insured, without any limitation on the amount.

• There are no mandatory contributions – replenishment is optional.

• Payments are not taxed if the contract was in effect for at least 5 years, the participant had no more than 3 contracts at the same time, the amount of payments exceeds the amount of contributions by no more than 30 million ₽ for each contract in each tax period.

• Low risk level.

• Legal protection from claims of third parties.

• Possibility to appoint a successor.

• A minimum guaranteed return is established for the first 3 years of the contract.

• Possibility of transferring pension savings under the OPS to the PDS.

Who is eligible for the program?

The program is available for all ages: from youth to seniors, from 18 to 69 years old.

What purposes is the program suitable for?

• Creating capital for future large purchases or a financial cushion.

• Increase your existing capital with minimal risks.

• Investing with minimal risks.

• Protection of savings with minimal risks.

• Ensuring financial stability now or in the future.

How does the program work?

– You need to make a down payment of 30,000₽.

– You can top up your account at any time with an amount from 1000₽.

– You receive state co-financing – 36,000₽/year.

– Apply for and receive additional tax benefits.

– Choose a payment format that is convenient for you – one-time or regular.

For the convenience of clients, online services have been developed that allow you to track the status of your account in the PDS, top it up without a commission via the SBP, and receive the necessary package for processing a tax deduction.

For detailed consultation and registration, please contact Solid Bank offices.

Registration of PDS is available throughout the Bank's network in: Almetyevsk, Blagoveshchensk, Vladivostok, Yekaterinburg, Elizovo, Izhevsk, Irkutsk, Kazan, Krasnoyarsk, Moscow, Novosibirsk, Petropavlovsk-Kamchatsky, St. Petersburg, Tula, Ufa, Khabarovsk, Yakutsk.

 

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

VBV. SOLIDBANK.ru

8 800 775 56 06 (free call within 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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07/16/2025 the site may be unavailable in the first half of the day Vladivostok time due to an update

Translation. Region: Russian Federal

Source: Solid Bank – Solid Bank –

An important disclaimer is at the bottom of this article.

Dear customers!

We inform you that on 16.07.2025 the bank's websiteVBV. SOLIDBANK.rumay be unavailable for approximately 3 to 72 hours – technical work is being carried out to update the official website of JSC Solid Bank.

For any information about the bank's products, we recommend that you contact the Bank's toll-free hotline: 88007755606.

We also recommend that you save tabs with links to Internet banking and install the SolidPAY mobile application:

Solidpay 

bank2 for legal entitieshttps://ib.solidbank.ru:8443/ibank2/

We apologize for the inconvenience! We strive to become better for you!

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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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