Support measures for banks in 2026: temporary extensions and incorporation into regulation

2025-12-03 11:46:00 · Bank of Russia

The Bank of Russia plans to extend¹ certain support measures expiring in 2025 and will continue to incorporate decisions taking into account the national context into regulation.

Measures to be extended, including in a modified form, through 31 December 2026:

The right not to disclose the information that is sensitive to the sanctions-related risk, including data on the ownership structure, members of management bodies and other officers, material terms of the restructuring of credit institutions (CIs),² material facts affecting financial and business operations of CIs that are restructured through merger, acquisition, or transformation.
The obligation of CIs³ to disclose financial statements and the related auditor’s report excluding the data that are sensitive to the sanctions-related risk, as well as the right of CIs other than issuers not to disclose IFRS statements and the related auditor’s report in full. The regulator will continue to publish banks’ reporting without sensitive data and intends to supplement⁴ the information about ratios that is already being released on the Bank of Russia website with the values of the national liquidity coverage ratio. This approach will help maintain a balance between meeting market participants’ information needs and limiting the sanctions-related risk for banks and their clients.
The option for CIs, when lending to businesses in the new constituent territories of the Russian Federation and subject to ensuring proper risk control, to disregard individual regulatory requirements⁵ and maintain provisions of no less than 1% for certain types of loans⁶ and contingent credit liabilities (CCLs) or to reduce them to 0%, provided there is reliable collateral.⁷ This measure will enhance access to credit in the new constituent territories.
The increase in the maximum yields on ruble-denominated subordinated instruments issued by CIs to substitute those denominated in foreign currency and on subordinated deposits using the National Wealth Fund’s resources, as well as on the instruments with maturities of up to seven years, to the level of the Bank of Russia key rate + 5 pp (in the case of a floating rate). This decision boosts banks’ potential to raise subordinated debt.
The option to terminate CIs’ liabilities on subordinated instruments early (before the expiry of five years) due to the transfer of these liabilities to a special-purpose vehicle.

Measures to be extended and then incorporated into regulation, including in a modified form:

Not downgrading the assessment of the financial position, the quality of debt servicing, the quality category of collateral, loans, other assets, and CCLs when assessing the risks of borrowers that are servicemen and their family members, as well as the risks of small and medium-sized enterprises (SMEs) founded by servicemen.
Applying a reduced risk weight (up to 20%) to projects promoting technological sovereignty and structural adaptation of the economy, implemented through the concession mechanism, provided that there is a direct agreement between its participants under which the state (the concession grantor) assumes the risks of the lending bank. The approach whereby a project’s high creditworthiness is sufficient for assessing its quality (no ratings required) is also maintained.
Applying the list of offshore zones approved by the Bank of Russia Board of Directors to assess the transparency of CIs’ ownership structures. In the future, the regulator intends to codify the list of such jurisdictions into a Bank of Russia regulation for the purposes of establishing correspondent relations with foreign banks and determining the provisioning procedure. The Bank of Russia’s authority to establish such a list by issuing a regulation is proposed to be enshrined in law.
Including SME loans (claims, CCLs) of up to ₽100 million in the portfolio of homogeneous loans (claims, CCLs) if a borrower’s financial position is assessed as medium, as well as those assessed based on banks’ in-house indicators of borrower creditworthiness. This will help maintain access to credit for SMEs and simplify the assessment of SME loans (claims, CCLs).
Differentiating sureties and independent guarantees of regional guarantee organisations based on the quality categories of collateral taken into account to minimise the amount of provisions, in accordance with Order of the Russian Ministry of Economic Development No. 763.⁸ This will help maintain access to credit for SMEs.

¹ Considering, among other things, the discussed extension of the Bank of Russia’s special powers to make such decisions, provided for by Federal Law No. 46-FZ, dated 8 March 2022, ‘On Amending Certain Laws of the Russian Federation’, Federal Law No. 55-FZ, dated 14 March 2022, ‘On Amending Articles 6 and 7 of the Federal Law ‘On Amending the Federal Law ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Certain Laws of the Russian Federation with Regard to the Specifics of Changing the Terms and Conditions of a Loan Agreement’ and Article 21 of the Federal Law ‘On Amending Certain Laws of the Russian Federation’.

² Except for the information about the adoption of the decision on restructuring by the general meeting of shareholders (stakeholders).

³ Except for non-bank CIs that are central counterparties and the CI that is the central depository, which, as financial market infrastructures, apply the Decision of the Bank of Russia Board of Directors, dated 24 December 2024 (to be extended), as well as special resolutions of the Russian Government.

⁴ The process of state registration of amendments to reporting forms is in progress.

⁵ For example, if borrowers have no historical financial statements to be used to assess their financial position (FP); if there are formal signs of a possible lack of real activity of a borrower registered in a new constituent territory, provided that a CI recognises its activity as real; or the possibility (irrespective of the FP assessment) of assessing the quality of loan servicing as good before the payment dates established by the loan agreement or in the case of loan restructuring.

⁶ For example, working capital loans; loans issued for implementing state and municipal contracts; loans issued to borrowers that are housing developers; or loans issued for establishing or developing production in the new regions of the Russian Federation.

⁷ Collateral of quality category I in accordance with Chapter 6 of Bank of Russia Regulation No. 590-P, dated 28 June 2017, ‘On the Procedure for Credit Institutions to Make Loss Provisions for Loans, Loan and Similar Debts’.

⁸ Order of the Ministry of Economic Development of the Russian Federation No. 763, dated 28 November 2016, ‘On Approving the Requirements for Lending Support Funds (Guarantee Funds, Surety Funds) and Their Operations’.

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Support measures for banks in 2026: temporary extensions and incorporation into regulation

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The Bank of Russia plans to extend¹ certain support measures expiring in 2025 and will continue to incorporate decisions taking into account the national context into regulation.

Measures to be extended, including in a modified form, through 31 December 2026:

The right not to disclose the information that is sensitive to the sanctions-related risk, including data on the ownership structure, members of management bodies and other officers, material terms of the restructuring of credit institutions (CIs),² material facts affecting financial and business operations of CIs that are restructured through merger, acquisition, or transformation.
The obligation of CIs³ to disclose financial statements and the related auditor’s report excluding the data that are sensitive to the sanctions-related risk, as well as the right of CIs other than issuers not to disclose IFRS statements and the related auditor’s report in full. The regulator will continue to publish banks’ reporting without sensitive data and intends to supplement⁴ the information about ratios that is already being released on the Bank of Russia website with the values of the national liquidity coverage ratio. This approach will help maintain a balance between meeting market participants’ information needs and limiting the sanctions-related risk for banks and their clients.
The option for CIs, when lending to businesses in the new constituent territories of the Russian Federation and subject to ensuring proper risk control, to disregard individual regulatory requirements⁵ and maintain provisions of no less than 1% for certain types of loans⁶ and contingent credit liabilities (CCLs) or to reduce them to 0%, provided there is reliable collateral.⁷ This measure will enhance access to credit in the new constituent territories.
The increase in the maximum yields on ruble-denominated subordinated instruments issued by CIs to substitute those denominated in foreign currency and on subordinated deposits using the National Wealth Fund’s resources, as well as on the instruments with maturities of up to seven years, to the level of the Bank of Russia key rate + 5 pp (in the case of a floating rate). This decision boosts banks’ potential to raise subordinated debt.
The option to terminate CIs’ liabilities on subordinated instruments early (before the expiry of five years) due to the transfer of these liabilities to a special-purpose vehicle.

Measures to be extended and then incorporated into regulation, including in a modified form:

Not downgrading the assessment of the financial position, the quality of debt servicing, the quality category of collateral, loans, other assets, and CCLs when assessing the risks of borrowers that are servicemen and their family members, as well as the risks of small and medium-sized enterprises (SMEs) founded by servicemen.
Applying a reduced risk weight (up to 20%) to projects promoting technological sovereignty and structural adaptation of the economy, implemented through the concession mechanism, provided that there is a direct agreement between its participants under which the state (the concession grantor) assumes the risks of the lending bank. The approach whereby a project’s high creditworthiness is sufficient for assessing its quality (no ratings required) is also maintained.
Applying the list of offshore zones approved by the Bank of Russia Board of Directors to assess the transparency of CIs’ ownership structures. In the future, the regulator intends to codify the list of such jurisdictions into a Bank of Russia regulation for the purposes of establishing correspondent relations with foreign banks and determining the provisioning procedure. The Bank of Russia’s authority to establish such a list by issuing a regulation is proposed to be enshrined in law.
Including SME loans (claims, CCLs) of up to ₽100 million in the portfolio of homogeneous loans (claims, CCLs) if a borrower’s financial position is assessed as medium, as well as those assessed based on banks’ in-house indicators of borrower creditworthiness. This will help maintain access to credit for SMEs and simplify the assessment of SME loans (claims, CCLs).
Differentiating sureties and independent guarantees of regional guarantee organisations based on the quality categories of collateral taken into account to minimise the amount of provisions, in accordance with Order of the Russian Ministry of Economic Development No. 763.⁸ This will help maintain access to credit for SMEs.