The Bank of Russia extends the scope of published statistics on direct investment (07.08.2019)

Source: Central Bank of the Russian Federation in English

The Bank of Russia extends the scope of published statistics on direct investment
In order to improve information support for the data users the Bank of Russia has developed an additional presentation of statistics on direct investment of the Russian Federation. New format combine in a single presentation the direct investment statistics indicators previously published as a part of international investment position (asset/liability principle) and the publication of direct investment positions by instruments (directional principle). This approach promotes a better understanding of the relationships within the direct investment framework.
These data are available on the official website of the Bank of Russia on the Internet within Statistics/Macroeconomic Financial Statistics/External Sector Statistics subdirectory under Direct Investments. The actual publications are as of 31 December, 2018 and 31 March, 2019. The data will be disseminated quarterly in accordance with the Official Statistics Release Calendar.

07 August 2019
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Results of provisional administration-conducted inspection of JSC TROIKA-D BANK (06.08.2019)

Source: Central Bank of the Russian Federation in English

Results of provisional administration-conducted inspection of JSC TROIKA-D BANK
The provisional administration to manage JSC TROIKA-D BANK (hereinafter, the Bank) appointed by Bank of Russia Order No. OD-862, dated 17.04.2019, following its banking licence revocation, established in the course of its inspection of the Bank that the Bank’s officials conducted operations to divert funds through lending to borrowers incapable of meeting their obligations.
The provisional administration estimates the value of the Bank’s assets to be no more than 4.2 billion rubles, vs 8.9 billion rubles of its liabilities to creditors.
On 3 July 2019, the Arbitration Court of the city of Moscow recognised the Bank as bankrupt. The State Corporation Deposit Insurance Agency was appointed as receiver.
The Bank of Russia submitted the information on the financial transactions suggestive of criminal offence conducted by the Bank’s executives to the Prosecutor General’s Office of the Russian Federation and the Investigative Committee of the Ministry of Internal Affairs of the Russian Federation for consideration and procedural decision-making.

06 August 2019
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Results of monitoring of maximum interest rates of credit institutions (02.08.2019)

Source: Central Bank of the Russian Federation in English

Results of monitoring of maximum interest rates of credit institutions
The July 2019 results of the monitoring of the maximum interest rates on deposits in Russian rubles of the top ten credit institutions1, attracting the largest amount of household deposits are as follows:
The first ten days of July — 7.14%;
The second ten days of July — 7.12%;
The third ten days of July — 7.05%.
Data on the dynamics of monitoring results are available in the Banking Sector / Credit Institutions Performance subsection of the Statistics section on the Bank of Russia website.
1 PJSC SBERBANK (1481) — www.sberbank.ru, PJSC SOVCOMBANK (963) — sovcombank.ru, VTB (PJSC) (1000) — www.vtb.ru, JSC RAIFFEISENBANK (3292) — www.raiffeisen.ru, GPB BANK (JSC) (354) — www.gazprombank.ru, PJSC CREDIT BANK OF MOSCOW (1978) — mkb.ru, JSC ALFA-BANK (1326) — alfabank.ru, PJSC BANK FC OTKRITIE (2209) — www.open.ru, PJSC PROMSVYAZBANK (3251) — www.psbank.ru, JSC ROSSELKHOZBANK (3349) — www.rshb.ru. The monitoring was conducted by the Bank of Russia Banking Supervision Support Department using the information provided by the said websites. The published value is indicative.

02 August 2019
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Bank of Russia Bulletin released (02.08.2019)

Source: Central Bank of the Russian Federation in English

Bank of Russia Bulletin released
Bank of Russia Bulletin No. 52 (2104) of 2 August 2019 has been released.
The Credit Institutions section publishes information of the DIA for the depositors of CB Zhilcredit LLC and information on acquiring the part of claims exceeding 700,000 rubles and making additional compensation payments to the depositors using the funds of the fifteenth asset contribution of the Republic of Crimea.
The Official Documents section publishes the following materials:
Bank of Russia Ordinance No. 5178-U, dated 27 June 2019, ‘On the Form (Format) of, Requirements for Content, Procedure and Timeframe for Submitting Notices with Information Required by Clauses 19–22 of Article 30 of the Federal Law ‘On the Securities Market’ by Persons Listed in Clauses 19–22 of Article 30 of the Federal Law ‘On the Securities Market’ to the Issuer and the Bank of Russia’ (becomes effective on 1 January 2020, except the provision for which other effective date is established; posted on the Bank of Russia website on 24.07.2019);
Bank of Russia Ordinance No. 5181-U, dated 27 June 2019, ‘On Amending Bank of Russia Regulation No. 534-P, Dated 24 February 2016, ‘On Securities Admittance to Organised Trades’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 24.07.2019).

02 August 2019
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Personnel appointments (01.08.2019)

Source: Central Bank of the Russian Federation in English

Personnel appointments
By the Order of the Bank of Russia Governor, effective 1 August 2019, Ivan Zimin is appointed Director, Financial Technology Department of the Bank of Russia. Mr Zimin has previously held the position of Deputy Director, Financial Technology Department.

01 August 2019
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Bank of Russia Bulletin released (31.07.2019)

Source: Central Bank of the Russian Federation in English

Bank of Russia Bulletin No. 51 (2103) of 31 July 2019 has been released.
The issue presents information about the Bank of Russia’s decision to reduce the key rate by 25 bp to 7.25% p.a. and on the appointment of the Financial Consumer Ombudsman. The Bulletin features the Bank of Russia’s decision to retain risk ratio buffers depending on the value of the debt burden ratio. The issue contains an information notice on the securities included in the Bank of Russia Lombard List.
The Credit Institutions section publishes the list of credit institutions complying with the requirements of Federal Law No. 213-FZ, dated 21 July 2014, Federal Law No. 161-FZ, dated 14 November 2002, and Russian Federation Government Resolution No. 706, dated 20 June 2018, as of 1 July 2019.
The issue also lists credit institutions, which comply with the requirements of Russian Federation Government Resolutions No. 1121, dated 24 December 2011, and No. 1232, dated 7 October 2017, as of 1 July 2019.
The Bulletin publishes the following Bank of Russia orders:
No. OD-1743, dated 26.07.2019, on the revocation of a banking licence and on cancelling professional securities market participant licence of the Moscow-based credit institution LLC RAM Bank;
No. OD-1744, dated 26.07.2019, on appointing the provisional administration to the Moscow-based credit institution LLC RAM Bank due to the revocation of its banking licence;
No. OD-1745, dated 26.07.2019, on amending the Appendix to Bank of Russia Order No. OD-1301, dated 6 June 2019;
No. OD-1754, dated 26.07.2019, on amending the Appendix to Bank of Russia Order No. OD-475, dated 7 March 2019;
No. OD-1758, dated 29.07.2019, on the revocation of a banking licence from the Nizhny Novgorod-based credit institution JSC CB Assotsiatsiya;
No. OD-1759, dated 29.07.2019, on appointing the provisional administration to the Nizhny Novgorod-based credit institution JSC CB Assotsiatsiya due to the revocation of its banking licence;
No. OD-1760, dated 29.07.2019, on amending the Appendix to Bank of Russia Order No. OD-1225, dated 31 May 2019.
The Non-bank Financial Institutions section contains the following Bank of Russia orders:
Order No. OD-1732, dated 25.07.2019, on the termination of activities of the provisional administration of Limited Liability Company Insurance Company Angara;
No. OD-1746, dated 26.07.2019, on amending the Appendix to Bank of Russia Order No. OD-1091, dated 14 May 2019;
No. OD-1747, dated 26.07.2019, on amending the Appendix to Bank of Russia Order No. OD-1091, dated 14 May 2019.
The Bulletin informs about the termination of forced liquidation of JSC NPF Uchastiye and about the results of the disposal of assets of the 1st NPF JSC.
The issue presents consolidated data on financial market sectors and information notices by the Bank of Russia.
The Official Documents section publishes the following materials:
Bank of Russia Ordinance No. 5092-U, dated 13 March 2019, ‘On Amending Appendix 1 to Bank of Russia Regulation No. 431-P, Dated 19 September 2014, ‘On the Rules of Compulsory Third Party Liability Insurance of Vehicle Owners’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 18.07.2019);
Bank of Russia Ordinance No. 5140-U, dated 6 May 2019, ‘On the List of Insider Information of the Bank of Russia’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 17.07.2019);
Bank of Russia Ordinance No. 5170-U, dated 11 June 2019, ‘On the Form and Procedure for Clearing Companies, Central Counterparties, Trade Organisers, and Central Depositories to Submit to the Bank of Russia Notifications Containing Information Not Subject to Disclosure’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 18.07.2019);
Bank of Russia Ordinance No. 5172-U, dated 18 June 2019, ‘On Invalidating Certain Bank of Russia Regulations on the Procedure for Extending Bank of Russia Loans to Credit Institutions against the Collateral (Blocking) of Securities’ (becomes effective 10 days after its official publication; posted on the Bank of Russia website on 18.07.2019).

31 July 2019
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Bank of Russia Board of Directors decides on inclusion of securities in Bank of Russia Lombard List (31.07.2019)

Source: Central Bank of the Russian Federation in English

According to the Bank of Russia Board of Directors’ decision, the following securities have been included in the Bank of Russia Lombard List:
government bonds of the Republic of Sakha (Yakutia) with Issue State Registration Number RU35012RSY0;
exchange-traded bonds of Limited Liability Company RESO-Leasing with Issue Identification Numbers 4B02-02-36419-R-001P and 4B02-04-36419-R-001P;
exchange-traded bonds of Public Joint-stock Company State Transport Leasing Company with Issue Identification Number 4B02-14-32432-H-001P;
exchange-traded bonds of Joint-stock Company DOM.RF with Issue Identification Number 4B02-06-00739-A-001P;
exchange-traded bonds of Joint-stock Company RUSNANO with Issue Identification Number 4B02-01-55477-E-002P;
bonds of Joint-stock Company RUSNANO with Issue State Registration Number 4-08-55477-E;
exchange-traded bonds of the State Company Russian Highways with Issue Identification Number 4B02-03-00011-T-002P;
exchange-traded bonds of Public Joint-stock Company Moscow United Electric Grid Company with Issue Identification Number 4B02-01-65116-D-001P;
exchange-traded bonds of Joint-stock Company Federal Passenger Company with Issue Identification Number 4B02-06-55465-E-001P;
exchange-traded bonds of Public Joint-stock Company Transneft with Issue Identification Number 4B02-11-00206-A-001P;
exchange-traded bonds of Limited Liability Company Gazprom Capital with Issue Identification Number 4B02-01-36400-R-001P;
exchange-traded bonds of Joint-stock Company Leasing Company Europlan with Issue Identification Number 4B02-06-56453-P;
exchange-traded bonds of Public Joint-stock Company Mobile TeleSystems with Issue Identification Number 4B02-10-04715-A-001P;
exchange-traded bonds of Public Joint-stock Company Nizhnekamskneftekhim with Issue Identification Number 4B02-01-00096-A-001P;
exchange-traded bonds of Limited Liability Company Eurasia Drilling Company with Issue Identification Numbers 4B02-03-36403-R-001P and 4B02-02-36403-R-001P.

31 July 2019
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Bank of Russia Bulletin released (30.07.2019)

Source: Central Bank of the Russian Federation in English

Bank of Russia Bulletin released
Bank of Russia Bulletin No. 50 (2102) of 30 July 2019 has been released.
The issue publishes the list of credit institutions registered in the Russian Federation as of 1 July 2019.

30 July 2019
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Banking licence of JSC CB Assotsiatsiya Bank revoked (29.07.2019)

Source: Central Bank of the Russian Federation in English

By its Order No. OD-1758, dated 29 July 2019, the Bank of Russia revoked a banking licence from the Nizhny Novgorod-based credit institution Joint-stock Company Commercial Bank Assotsiatsiya, or JSC CB Assotsiatsiya (Registration No. 732, hereinafter, Bank Assotsiatsiya). The credit institution ranked 170th by assets in the Russian banking system1.
The Bank of Russia took this decision in accordance with Clause 6, Part 1 and Clauses 1 and 2, Part 2, Article 20 of the Federal Law ‘On Banks and Banking Activities’2, based on the facts that Bank Assotsiatsiya:
admitted the absence of funds in accounts with a foreign bank, which were reflected in financial reports. Creation of additional required loss provisions for actually non-existent assets led to a complete loss of capital by the credit institution;
violated federal banking laws and Bank of Russia regulations, making the regulator repeatedly apply supervisory measures over the past 12 months, including the imposition of restrictions on household deposit taking.
As part of ongoing supervision, the Bank of Russia established the fact of absence of funds in the amount of over 3.8 billion rubles in accounts of Bank Assotsiatsiya with a foreign bank, which exceeds its equity capital more than twofold. The management of the credit institution admitted the absence of the above-mentioned funds. The regulator issued an order to Bank Assotsiatsiya to create additional loss provisions for actually missing claims on a foreign bank in the amount of 100%. According to the latest financial statements submitted by the bank, its capital was completely lost.
The Bank of Russia will submit information about the bank’s transactions suggesting a criminal offence to law enforcement agencies.
The Bank of Russia appointed a provisional administration3 to Bank Assotsiatsiya for the period until the appointment of a receiver4 or a liquidator5. In accordance with federal laws, the powers of the credit institution’s executive bodies were suspended.
Information for depositors: Bank Assotsiatsiya is a participant in the deposit insurance system; therefore, depositors6 will be compensated for their deposits in the amount of 100% of the balance of funds but no more than a total of 1.4 million rubles per depositor (including interest accrued).
Deposits are repaid by the State Corporation Deposit Insurance Agency (hereinafter, the Agency). Detailed information regarding the repayment procedure can be obtained 24/7 at the Agency’s hotline (8 800 200-08-05) and on its website (https://www.asv.org.ru/) in the Deposit Insurance / Insurance Events section.
_________________________________________________
1 According to the financial statements as of 1 July 2019.
2 The Bank of Russia took such an extreme measure because of the credit institution’s failure to comply with federal banking laws and Bank of Russia regulations, all equity capital adequacy ratios below two per cent, decrease in the bank’s equity capital below the minimum value of the authorised capital established as of the date of the state registration of the credit institution, and given the repeated application within a year of measures envisaged by the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’.
3 In accordance with Bank of Russia Order No. OD-1759, dated 29 July 2019.
4 In accordance with Articles 127 and 189.68 of the Federal Law ‘On Insolvency (Bankruptcy)’.
5 In accordance with Article 23.1 of the Federal Law ‘On Banks and Banking Activities’.
6 Depositors mean individuals, including those who are engaged in entrepreneurial activity (individual entrepreneurs), and legal entities that are considered small businesses in accordance with the Federal Law ‘On the Development of Small and Medium-sized Enterprises in the Russian Federation’.

29 July 2019
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Appointment of Financial Consumer Ombudsman (26.07.2019)

Source: Central Bank of the Russian Federation in English

Appointment of Financial Consumer Ombudsman
The Bank of Russia Board of Directors decided to appoint, effective 19 August 2019, Svetlana Nikitina as Financial Consumer Ombudsman in Insurance, Microfinance, Credit Cooperation and Credit Institutions’ Operations.

26 July 2019
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