Press-releases

Results of monitoring of credit institutions’ maximum interest rates (05.05.2026)

Tue, 05 May 2026 18:26:00 +0300

The April 2026 results of the monitoring of the maximum interest rates on deposits¹ in Russian rubles of the top 10 credit institutions,² attracting the largest amount of household deposits are as follows:

– the first 10 days of April – 13.43%;

– the second 10 days of April – 13.39%;

– the third 10 days of April – 13.06%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Maximum interest rates on deposits available to any client (including potential ones) without any limitations and preliminary conditions are taken into account. Deposits for special client categories (pensioners, children) and purposes (social, humanitarian, etc.) are excluded.

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Combined deposit products, i.e. deposits with additional conditions, are not considered. Such additional conditions for higher interest accrual may comprise, among other things, purchasing investment units in a certain amount, opening an investment account, concluding an agreement on investment or endowment life insurance, buying an extra service package, etc.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

² Sberbank (1481) – www.sberbank.ru, VTB Bank (PJSC) (1000) – www.vtb.ru, Bank GPB (JSC) (354) – www.gazprombank.ru, AO ALFA-BANK (1326) – alfabank.ru, JSC Rosselkhozbank (3349) – www.rshb.ru, Joint Stock Company Bank DOM.RF (2312) – domrfbank.ru, CREDIT BANK OF MOSCOW (1978) – mkb.ru, TBank (2673) – www.tbank.ru, Promsvyazbank PJSC (3251) – psbank.ru, PJSC Sovcombank (963) – sovcombank.ru. The monitoring was conducted by the Department of Banking Regulation and Analytics of the Bank of Russia using the information provided by the said websites. The published values are indicative.

³ Average maximum interest rates on deposits: for up to 90 days – 12.64%; for 91 to 180 days – 12.77%; for 181 days to one year – 12.50%; and for over one year – 11.42%.

Cities of Labour Valour series: new coins (30.04.2026)

Thu, 30 Apr 2026 11:18:00 +0300

On 4 May 2026, the Bank of Russia issues 10-ruble base metal commemorative coins of the Cities of Labour Valour series:

– ‘Barnaul’ (Catalogue No. 5714-0108);

– ‘Kamensk-Uralsky’ (Catalogue No. 5714-0109);

– ‘Kirov’ (Catalogue No. 5714-0110);

– ‘Kolomna’ (Catalogue No. 5714-0111);

– ‘Komsomolsk-on-Amur’ (Catalogue No. 5714-0112);

– ‘Krasnoyarsk’ (Catalogue No. 5714-0113);

– ‘Magadan’ (Catalogue No. 5714-0114);

– ‘Penza’ (Catalogue No. 5714-0115).

The coins have a round shape and are 22.0 mm in diameter.

The obverse and the reverse of the coins have a relief rim around the circumference.

The edge of the coins is intermittently corrugated and has alternating sections with different numbers of ridges thereon.

The obverse of the coins features the inscriptions around the circumference: ‘БАНК РОССИИ’ (BANK OF RUSSIA) at the top and ‘2026’ at the bottom. There are images of laurel and oak twigs on the left and right, respectively. The figure ‘10’ and the inscription ‘РУБЛЕЙ’ (RUBLES) below denoting the face value of the coin are in the centre. The figure ‘0’ features a security element inside in the form of the figure ‘10’ and the inscription ‘РУБ’ (RUB) visible at various viewing angles to the coin surface. The Moscow Mint trademark is at the bottom.

The reverse of:

– of the coin ‘Barnaul’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘БАРНАУЛ’ (BARNAUL) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– of the coin ‘Kamensk-Uralsky’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘КАМЕНСК-УРАЛЬСКИЙ’ (KAMENSK-URALSKY) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– the coin ‘Kirov’ features a relief image of a fragment of the To Kirov Residents – Home Front Workers monument and the inscriptions on the outer ring ‘КИРОВ’ (KIROV) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– of the coin ‘Kolomna’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘КОЛОМНА’ (KOLOMNA) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– of the coin ‘Komsomolsk-on-Amur’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘КОМСОМОЛЬСК-НА-АМУРЕ’ (KOMSOMOLSK-ON-AMUR) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– of the coin ‘Krasnoyarsk’ features a relief image of a fragment of a memorial complex timed to the 70^th anniversary of the Victory in the Great Patriotic War – the Woman and Teenager Assembling a Mortar sculptural composition and the inscriptions on the outer ring ‘КРАСНОЯРСК’ (KRASNOYARSK) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– of the coin ‘Magadan’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘МАГАДАН’ (MAGADAN) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon;

– of the coin ‘Penza’ features a relief image of a fragment of the design of the City of Labour Valour stele and the inscriptions on the outer ring ‘ПЕНЗА’ (PENZA) at the top and ‘ГОРОДА ТРУДОВОЙ ДОБЛЕСТИ’ (CITIES OF LABOUR VALOUR) at the bottom along the ribbon.

The mintage of the coins is 1.0 million pcs of each design.

The new coins are legal tender of the Russian Federation and are mandatory for acceptance for all kinds of payments without any restrictions at their face value.

Bank of Russia’s decisions on macroprudential policy (29.04.2026)

Wed, 29 Apr 2026 18:00:00 +0300

1. The Bank of Russia has tightened macroprudential limits (MPLs) for mortgage loans to purchase housing under construction and existing housing in apartment buildings for 2026 Q3 and has not revised macroprudential add-ons.

As of 1 April 2026, the proportion of outstanding mortgages to purchase housing in apartment buildings overdue for more than 90 days came in at 1.0%¹ (0.6% as of 1 April 2025 and 0.9% as of 1 January 2026). Growth in overdue mortgages was largely driven by the loans issued in 2023–2024 as part of the large-scale subsidised mortgage programme.

The MPLs effective from 1 July 2025 restrict the provision of high-risk mortgage loans. In 2026 Q1, mortgages issued to borrowers with the debt service-to-income ratio (DSTI) above 80% accounted for 4% (vs 6% in 2025 Q1), and those with a down payment of not more than 20% of the housing price made up 1% (vs 6% in 2025 Q1) of total mortgages issued. To limit the provision of high-risk mortgages and further improve the structure of the mortgage portfolio, the Bank of Russia decided to tighten the MPLs in these segments. However, this restriction will not result in a larger portion of rejected mortgage applications, as it is consistent with the current structure of the mortgage portfolio in 2026 Q1.

MPLs for mortgages to be applied by banks with a universal licence in 2026 Q3

Loans to purchase housing under construction (under shared construction agreements, SCAs)
2026 Q3		For reference:
2026 Q3		2026 Q2		Actual proportion of loans issued in 2026 Q1
Loan (microloan) characteristics	MPL	Loan (microloan) characteristics	MPL	Actual proportion of loans issued in 2026 Q1
DSTI above 80% or down payment of not more than 20%	5% in total	DSTI above 80% or down payment of not more than 20%	7% in total	3% in total
Of which: DSTI above 50% and down payment of not more than 20%	1%	Of which: DSTI above 50% and down payment of not more than 20%	2%	0.2%
Existing housing loans (non-SCA)
2026 Q3		For reference:
2026 Q3		2026 Q2		Actual amount of loans issued in 2026 Q1
Loan (microloan) characteristics	MPL	Loan (microloan) characteristics	MPL	Actual amount of loans issued in 2026 Q1
DSTI above 80% or LTV² above 80%	15% in total	DSTI above 80% or LTV above 80%	20% in total	7% in total
Of which: DSTI above 50% and LTV above 80%	5%	Of which: DSTI above 50% and LTV above 80%	10%	0.2%

To cover risks arising from earlier issued loans, banks have accumulated a macroprudential capital buffer of 1.4%³ of the mortgage portfolio⁴ as of 1 April 2026.

2. The Bank of Russia has tightened MPLs for IHC⁵ mortgages and home equity loans for 2026 Q3.

The MPLs effective from 1 October 2025 restrict the provision of IHC mortgages and home equity loans to borrowers with high DSTI who delay their repayments more often. In 2026 Q1, the proportion of IHC mortgages issued to borrowers with DSTI above 50% and 80% came in at 44% and 13%, respectively.⁶ The portion of home equity loans issued to borrowers with DSTI above 50% and 80% stood at 19% and 8%, respectively.⁷ The proportion of IHC mortgages overdue for more than 90 days reached 4.4% as of 1 April 2026 (3.4% as of 1 April 2025 and 4.0% as of 1 January 2026), which is attributed to both delays in apartment building construction by certain contractors and higher DSTI. The quality of home equity loans is deteriorating. Specifically, as of 1 April 2026, the proportion of such loans overdue for more than 90 days came in at 6.1% (3.6% as of 1 April 2025 and 5.1% as of 1 January 2026).

To limit lending to borrowers with very high DSTI, the Bank of Russia has tightened the MPLs in these segments for 2026 Q3. The regulator has set a new MPL for IHC mortgages to restrict the issue of loans to borrowers with DSTI above 50%. Similarly to MPLs in other lending segments, limits for IHC mortgages will apply on an ‘inclusion’ basis: a limit is set for IHC mortgages issued to borrowers with DSTI above 50%, and in this category, an included sublimit is set for IHC mortgages issued to borrowers with DSTI above 80%.

MPLs for IHC mortgages and home equity loans to be applied by banks with a universal licence in 2026 Q3

IHC mortgages
2026 Q3		For reference: 2026 Q2
Loan (microloan) characteristics	MPL	Loan (microloan) characteristics	MPL
DSTI above 50%	28%	DSTI above 50%	Not established
Of which: DSTI above 80%	3%	Of which: DSTI above 80%	10%
Home equity loans
2026 Q3		For reference: 2026 Q2
Loan (microloan) characteristics	MPL	Loan (microloan) characteristics	MPL
DSTI above 50%	18%	DSTI above 50%	25%
Of which: DSTI above 80%	3%	Of which: DSTI above 80%	10%

3. The Bank of Russia has kept the current MPLs and macroprudential add-ons for unsecured consumer loans (microloans) unchanged.⁸

In 2025, the unsecured consumer lending market saw the materialisation of previously accumulated risks. As of 1 April 2026, the portion of non-performing⁹ loans was 13.1% (vs 10.8% as of 1 April 2025 and 13.0% as of 1 January 2026), which was due to the maturity of loans issued during the 2023–2024 credit overheating period and the ongoing contraction of the loan portfolio.¹⁰

The leading indicators of loan servicing are gradually improving. The proportion of outstanding loans overdue for more than 30 days after the first three months on book stood at 0.8% for cash loans granted in January 2026 and 2.7% for credit cards (-1.0 pp and −0.5 pp vs January 2025). To cover risks arising from earlier issued loans, as of 1 April 2026, banks accumulated the macroprudential capital buffer of 8.3%¹¹ of the portfolio net of loan loss provisions, which may be released by the Bank of Russia in the future if banks have difficulties covering losses on the existing loans.

The MPLs set for unsecured consumer loans (microloans) restrict the issue of high-risk loans (microloans) to borrowers with high DSTI. Therefore, the Bank of Russia keeps them unchanged. The proportion of new unsecured consumer loans (microloans) issued to borrowers with DSTI above 50% fell from 24% in 2025 Q1 to 18% in 2026 Q1.

4. The Bank of Russia has kept the MPLs¹² for car loans¹³ unchanged for 2026 Q3 and tightened the MPLs for general-purpose consumer loans (microloans) secured by motor vehicles. The values of macroprudential add-ons have not been revised.

MPLs have helped significantly improve the lending structure in the segments of car loans and general-purpose loans (microloans) secured by motor vehicles. In 2026 Q1, the portion of car loans and general-purpose loans (microloans) secured by motor vehicles issued to borrowers with DSTI exceeding 50% decreased to 17% and 10% (vs 20% and 43% in 2025 Q1), respectively. As of 1 April 2026, the accumulated macroprudential capital buffer accounted for 2.5% of the portfolio of these loans net of loan loss provisions.

For 2026 Q3, the Bank of Russia has kept the MPLs for car loans applicable in 2026 Q2 unchanged and tightened the MPLs for general-purpose consumer loans (microloans) secured by motor vehicles.

MPLs for general-purpose consumer loans secured by motor vehicles to be applied by banks with a universal licence and MFOs in 2026 Q3

General-purpose loans (microloans) secured by motor vehicles
2026 Q3		For reference: 2026 Q2
Loan (microloan) characteristics	MPL	Loan (microloan) characteristics	MPL
DSTI above 50%	18%	DSTI above 50%	20%
Of which: DSTI above 80%	3%	Of which: DSTI above 80%	5%
For reference: Car loans
2026 Q3		2026 Q2
Loan (microloan) characteristics	MPL	Loan (microloan) characteristics	MPL
DSTI above 50%	25%	DSTI above 50%	25%
Of which: DSTI above 80%	5%	Of which: DSTI above 80%	5%

5. The Bank of Russia has not revised the risk-weight add-on for the increase in credit claims on large highly leveraged companies.

From 1 March 2026, the macroprudential add-on for the increase in banks’ credit claims on large highly leveraged companies was significantly raised from 40% to 100%. From the date when the add-on was set (1 April 2025) to 1 April 2026, outstanding corporate loans totalling ₽3.8 trillion became subject to the macroprudential add-on, and banks accumulated a macroprudential capital buffer of ₽63 billion for the increase in their credit claims.

In the future, the Bank of Russia may continue raising the add-on if banks’ risks arising from claims on such companies increase.

6. Macroprudential add-ons for corporate foreign currency credit claims have not been revised.

In 2026 Q1, the share of foreign currency in the corporate loan and bond portfolios, adjusted for foreign currency revaluation,¹⁴ edged up from 12.1% to 12.3%.¹⁵ Currently, there is no need to encourage the decrease in the portion of foreign currency in the loan portfolio, as foreign currency loans are mainly taken out by exporter companies that have sufficient foreign currency revenues to fulfil their obligations.

7. The Bank of Russia has not revised the value of the national countercyclical buffer effective since 1 July 2025 (0.5 pp to banks' capital adequacy ratios).

Credit to the economy is expanding at a balanced pace. According to the Bank of Russia’s estimates, banks have sufficient capital buffers to sustainably finance the economy this year and in subsequent periods, taking into consideration decisions on macroprudential instruments that have already been made as well as the scheduled increase in macroprudential add-ons to capital adequacy ratios.¹⁶ Banks are making further efforts to gradually restore the capital adequacy ratio. As of 1 April 2026, it came in at 13.9%¹⁷ across the banking sector (13.2% as of 1 January 2026 vs 12.5% as of 1 January 2025). Therefore, the value of the national countercyclical buffer remains unchanged.

¹ According to Reporting Form 0409704.

² Loan-to-value ratio – the ratio of the mortgage loan principal to the fair value of the collateral.

³ According to Reporting Forms 0409114 and 0409135.

⁴ Net of loan loss provisions.

⁵ Individual housing construction.

⁶ In 2025 Q1, these proportions stood at 59% and 36%, respectively.

⁷ In 2025 Q1, these proportions stood at 70% and 44%, respectively.

⁸ For credit institutions and microfinance organisations (MFOs).

⁹ Non-performing loans are loans included in IV and V quality categories (Section 1 of Reporting Form 0409115) with a 100% probability of default (Section 1.1 of Reporting Form 0409115) and overdue for more than 90 days (Section 3 of Reporting Form 0409115).

¹⁰ As of 1 April 2026, the portfolio of unsecured consumer loans contracted by 3.1% YoY.

¹¹ Calculated as a share of the outstanding loan portfolio net of loan loss provisions.

¹² For credit institutions and MFOs.

¹³ Loans (microloans) issued for purchasing a motor vehicle secured by the motor vehicle being purchased.

¹⁴ Adjusted for the revaluation of the yuan against the ruble as of 1 April 2026.

¹⁵ According to Reporting Form 0409101.

¹⁶ In accordance with Bank of Russia Instruction No. 220-I, dated 26 May 2025, ‘On Required Ratios and Capital Adequacy Buffers for Banks with a Universal Licence and on the Bank of Russia’s Supervision over Compliance with Them’, total add-ons (taking into account the countercyclical capital buffer of 0.5 pp) have been raised from 1.25 pp as of 1 July 2025 to 2.0 pp from 2026 for systemically important credit institutions and from 1.0 pp to 1.5 pp for other banks.

¹⁷ According to Reporting Forms 0409123 and 0409135. The indicators are calculated based on the figures of credit institutions that should comply with the relevant requirements. The calculation excludes the data from the bank of non-core assets.

Operation of Bank of Russia Payment System on 11 May 2026 (28.04.2026)

Tue, 28 Apr 2026 17:40:00 +0300

On 11 May 2026, the Bank of Russia Payment System will operate according to the schedule below.

Operation schedule of the Bank of Russia Payment System on 11 May 2026

No.	Procedures performed in the course of the day	Start	End
1	Preliminary session of the Bank of Russia Payment System	07.00 Moscow time	08.00 Moscow time
2	Regular session of the Bank of Russia Payment System	08.00 Moscow time	21.00 Moscow time
2.1	Standard period of the regular session of the Bank of Russia Payment System	08.00 Moscow time	20.00 Moscow time
2.2	Settlement period of the regular session of the Bank of Russia Payment System	20.00 Moscow time	21.00 Moscow time
3	Final session of the Bank of Russia Payment System	21.00 Moscow time	No later than 22.00 Moscow time
4	Operation period of the faster payments service	Operation period of the faster payments service established pursuant to the rules of the Bank of Russia Payment System does not change (24/7)

Bank of Russia cuts the key rate by 50 bp to 14.50% p.a. (24.04.2026)

Fri, 24 Apr 2026 13:30:00 +0300

On 24 April 2026, the Bank of Russia Board of Directors decided to cut the key rate by 50 basis points to 14.50% per annum. Domestic demand dynamics have roughly corresponded to the economy’s capacity to ramp up supply of goods and services. However, measures of underlying price growth have not yet decreased and remain in the range of 4–5% in annualised terms, as estimated by the Bank of Russia. There is still significant uncertainty regarding the external environment and fiscal policy parameters.

The Bank of Russia will assess the need for further key rate cuts at its upcoming meetings depending on the sustainability of the inflation slowdown, the dynamics of inflation expectations, and the analysis of risks posed by external and domestic conditions. The baseline scenario assumes an average key rate in the range of 14.0–14.5% per annum in 2026 and 8.0–10.0% per annum in 2027. According to the Bank of Russia’s forecast, given the monetary policy stance, annual inflation will decline to 4.5–5.5% in 2026. Underlying inflation will be close to 4% in 2026 H2. In 2027 and beyond, annual inflation will stay on target.

In 2026 Q1, the current seasonally adjusted price growth averaged 8.7% in annualised terms compared to 4.4% in 2025 Q4. The similar indicator of core inflation averaged 6.3% after 5.0% in the previous quarter. Such dynamics were caused by one-off factors (primarily the VAT increase and the indexation of administered prices and tariffs). Excluding these factors, underlying price growth has not changed and is generally assessed at 4–5% in annualised terms. As of 20 April 2026, annual inflation stood at 5.7%.

Inflation expectations have changed diversely since March. Households’ inflation expectations declined. Businesses’ price expectations barely changed. Financial market participants’ expectations edged up. In general, expectations for future inflation remain elevated. This may impede a sustainable slowdown in inflation.

According to high-frequency data, the Russian economy slowed in 2026 Q1, in part due to the adjustment to the earlier tax changes. The other contributors were a fewer number of business days and unfavourable weather conditions. Investment activity remains subdued. Consumer demand growth continues to decelerate, despite a slight pick-up in March. Taking into account that economic activity dynamics in 2026 Q1 were largely driven by one-off factors, the Bank of Russia has retained its GDP growth forecast for 2026 at 0.5–1.5%.

The labour market tightness is gradually decreasing. According to surveys, the percentage of enterprises experiencing labour shortages continues to shrink and is now at its lowest level since mid-2023. Companies are planning more moderate wage indexations in 2026 compared to 2023–2025. Meanwhile, unemployment remains at historical lows, and wage growth is still outpacing growth in labour productivity.

Monetary conditions have eased somewhat but remain tight. Interest rates have declined in most segments of the financial market. Non-price bank lending conditions are still tight.

Lending activity is moderate. Among other things, this is due to the record-high advance funding of government spending in 2026 Q1. Households generally continue to demonstrate a high propensity to save.

Proinflationary risks still prevail over disinflationary ones on the mid-term horizon. The key proinflationary risks are associated with a deterioration in the global economic outlook and rising global price pressures amid increased geopolitical tensions, as well as with high inflation expectations and a long period of wage growth outpacing growth in productivity. Disinflationary risks involve a more significant slowdown in domestic demand.

The Bank of Russia takes into account the announced parameters of fiscal policy. They imply that fiscal policy will help slow down inflation on the mid-term horizon. In case of higher expenditures accompanied by growth in structural budget deficit, tighter monetary policy will be required than that under the baseline scenario.

Following the Board of Directors’ key rate meeting on 24 April 2026, the Bank of Russia has updated its medium-term forecast.

On 7 May 2026, the Bank of Russia releases the Summary of the Key Rate Discussion and the Commentary on the Medium-term Forecast.

The Bank of Russia Board of Directors holds its next key rate meeting on 19 June 2026. The press release on the Bank of Russia Board decision is to be published at 13.30 Moscow time.

Statement by Bank of Russia Governor Elvira Nabiullina in follow-up to Board of Directors meeting on 24 April 2026

Updated collateral requirements for Bank of Russia loans (22.04.2026)

Wed, 22 Apr 2026 15:22:00 +0300

Effective from 4 May 2026, the Bank of Russia will be able to transfer non-marketable assets¹ between credit institutions’ collateral pools in line with an established procedure. At the initial stage, the transfer will only be possible as part of a credit institution’s reorganisation.

The minimum outstanding principal balance of a loan that a credit institution may transfer as collateral for Bank of Russia loans has been raised from ₽2 million to ₽5 million. Information on the minimum amount will now be posted on the Bank of Russia website.

In addition, credit institutions will be able to withdraw requests for an increase in the value of non-marketable assets using the unified formats of electronic bank messages.

The new version of the Terms and Conditions for the Issue and Repayment of Bank of Russia Loans Backed by Securities or Credit Claims will be applied starting from 4 May 2026.

¹ Claims under loan agreements.

Results of monitoring of credit institutions’ maximum interest rates (21.04.2026)

Tue, 21 Apr 2026 15:00:00 +0300

– the first 10 days of April – 13.43%;

– the second 10 days of April – 13.39%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

³ Average maximum interest rates on deposits: for up to 90 days – 13.04%; for 91 to 180 days – 13.24%; for 181 days to one year – 12.68%; and for over one year – 11.61%.

Results of monitoring of credit institutions’ maximum interest rates (15.04.2026)

Wed, 15 Apr 2026 16:56:00 +0300

- the first 10 days of April – 13.43%.

Data on changes in monitoring results are available on the Bank of Russia website.

Data on average maximum interest rates on deposits by maturity are given for reference.³

¹ The maximum interest rate at a credit institution is measured as follows:

– Compound interest rates on deposits are out of scope.

– Interest rates that are effective provided that certain conditions are fulfilled (regular bank card turnover, a permanent minimum balance on a bank card, etc.) are not taken into account.

– Deposits with maturities divided into periods with varying interest rates are out of scope.

The average maximum interest rate is calculated as an arithmetic mean of the maximum interest rates of the top 10 credit institutions.

³ Average maximum interest rates on deposits: for up to 90 days – 13.06%; for 91 to 180 days – 13.28%; for 181 days to one year – 12.72%; and for over one year – 11.63%.

Bank of Russia Board of Directors decides to include securities in Bank of Russia Lombard List (15.04.2026)

Wed, 15 Apr 2026 16:40:00 +0300

On 10 April 2026, the Bank of Russia Board of Directors decided to include the following securities in the Lombard List:

government bonds of the Nizhny Novgorod Region with Issue State Registration Number RU34017NJG0;

government bonds of the Novosibirsk Region with Issue State Registration Numbers RU34027ANO0 and RU34028ANO0;

government bonds of the Republic of Bashkortostan with Issue State Registration Number RU24017BAS0;

government bonds of the Samara Region with Issue State Registration Number RU34016SAM0;

government bonds of the Khanty-Mansi Autonomous Area – Yugra with Issue State Registration Number RU34002HMN0;

government bonds of the Yamal-Nenets Autonomous Area with Issue State Registration Number RU34005YML0;

exchange-traded bonds of Public Joint Stock Company ALROSA with Issue Registration Number 4B02-01-40046-N-002P;

exchange-traded bonds of Joint Stock Company ‘Atomic Energy Power Corporation’ with Issue Registration Numbers 4B02-09-55319-E-001P, 4B02-10-55319-E-001P, and 4B02-11-55319-E-001P;

exchange-traded bonds of Limited Liability Company Gazprom capital with Issue Registration Numbers 4B02-07-36400-R-003P, 4B02-19-36400-R-003P, 4B02-20-36400-R-003P, and 4B02-21-36400-R-003P;

exchange-traded bonds of Public Joint Stock Company Gazprom Neft with Issue Registration Numbers 4B02-03-00146-A-004P, 4B02-04-00146-A-004P, and 4B02-05-00146-A-004P;

exchange-traded bonds of Public Joint Stock Company Magnit with Issue Registration Numbers 4B02-04-60525-P-005P, 4B02-05-60525-P-005P, and 4B02-01-60525-P-006P;

exchange-traded bonds of Joint Stock Company ‘Holding Company METALLOINVEST’ with Issue Registration Numbers 4B02-03-25642-H-002P and 4B02-04-25642-H-002P;

exchange-traded bonds of Mobile TeleSystems Public Joint Stock Company with Issue Registration Numbers 4B02-14-04715-A-002P, 4B02-15-04715-A-002P, and 4B02-17-04715-A-002P;

exchange-traded bonds of Public Joint Stock Company ‘Mining and Metallurgical Company NORILSK NICKEL’ with Issue Registration Number 4B02-16-40155-F-001P;

exchange-traded bonds of Federal Grid Company – Rosseti, PUBLIC JOINT-STOCK COMPANY with Issue Registration Numbers 4B02-18-65018-D-001P and 4B02-19-65018-D-001P;

exchange-traded bonds of Public Joint Stock Company Rosseti Lenenergo with Issue Registration Number 4B02-01-00073-A-001P;

exchange-traded bonds of Joint Stock Company Russian Railways with Issue Registration Numbers 4B02-30-65045-D-001P, 4B02-34-65045-D-001P, 4B02-39-65045-D-001P, 4B02-49-65045-D-001P, 4B02-50-65045-D-001P, and 4B02-51-65045-D-001P;

exchange-traded bonds of Public Joint Stock Company Rostelecom with Issue Registration Numbers 4B02-19-00124-A-001P, 4B02-20-00124-A-001P, 4B02-21-00124-A-001P, 4B02-22-00124-A-001P, and 4B02-23-00124-A-001P;

exchange-traded bonds of Public Joint-Stock Company ‘Federal Hydro-Generating Company RusHydro with Issue Registration Number 4B02-11-55038-E-002P;

exchange-traded bonds of Public Joint Stock Company ‘SIBUR Holding’ with Issue Registration Number 4B02-09-65134-D-001P;

exchange-traded bonds of Limited Liability Company X5 FINANCE with Issue Registration Numbers 4B02-06-36241-R-003P, 4B02-15-36241-R-003P, 4B02-16-36241-R-003P, and 4B02-17-36241-R-003P;

exchange-traded bonds of Public Joint Stock Company PhosAgro with Issue Registration Number 4B02-05-06556-A-002P;

exchange-traded bonds of International Public Joint-Stock Company YANDEX with Issue Registration Number 4B02-03-16777-A-001P;

exchange-traded bonds of Joint Stock Company ‘Federal Passenger Company’ with Issue Identification Number 4B02-05-55465-E-001P;

exchange-traded bonds of Joint Stock Company ‘Federal Passenger Company’ with Issue Registration Number 4B02-01-55465-E-002P;

exchange-traded bonds of Public Joint Stock Company Acron with Issue Registration Numbers 4B02-01-00207-A-002P and 4B02-02-00207-A-002P;

exchange-traded bonds of AO HC Novotrans with Issue Registration Numbers 4B02-01-12414-F-002P and 4B02-02-12414-F-002P;

exchange-traded bonds of Public Joint Stock Company TransContainer with Issue Registration Number 4B02-02-55194-E-002P;

exchange-traded bonds of Joint Stock Company ‘Medsi group’ with Issue Registration Number 4B02-04-62024-H-001P;

exchange-traded bonds of Sistema Public Joint Stock Financial Corporation with Issue Registration Numbers 4B02-06-01669-A-002P, 4B02-07-01669-A-002P, and 4B02-12-01669-A-002P;

exchange-traded mortgage-backed bonds of Limited liability company DOM.RF Mortgage agent with Issue Registration Numbers 4B02-57-00307-R-001P and 4B02-60-00307-R-001P;

exchange-traded mortgage-backed bonds of Limited liability company DOM.RF Mortgage agent with Issue Registration Numbers 4B02-58-00307-R-001P, 4B02-59-00307-R-001P, and 4B02-61-00307-R-001P;

exchange-traded bonds of Public Joint Stock Company Rosseti Volga with Issue Registration Number 4B02-01-04247-E-001P;

exchange-traded bonds of Joint Stock Company ‘Azot Group’ with Issue Registration Numbers 4B02-01-55254-E-001P and 4B02-02-55254-E-001P;

exchange-traded bonds of Limited Liability Company A101 with Issue Registration Numbers 4B02-02-00143-L-001P and 4B02-03-00143-L-001P.

The Bank of Russia also decided to exclude from the Lombard List bonds an issuer with limited disclosures that lacks two credit ratings which would comply with the Bank of Russia’s requirements.

Information on the securities included in the Lombard List is provided in The Bank of Russia Lombard List.

Order of Glory (15.04.2026)

Wed, 15 Apr 2026 11:00:00 +0300

The Order of Glory was established on 8 November 1943 and had three classes. It was awarded to enlisted men and sergeants of the Red Army, as well as to junior lieutenants in aviation, exclusively for personal merit demonstrated in battle.

On 16 April 2026, the Bank of Russia issues the 3-ruble silver commemorative coin ‘Order of Glory’ of the series The Victory of the Soviet People in the Great Patriotic War of 1941–1945 (Catalogue No. 5111-0535).

The 3-ruble silver coin (fine metal content 31.1 g, fineness 925/1,000) has a round shape and is 39.0 mm in diameter.

The obverse and the reverse of the coin have a relief rim around the circumference.

The obverse of the coin features a relief image of the National Coat of Arms of the Russian Federation and the inscriptions ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) and ‘БАНК РОССИИ’ (BANK OF RUSSIA), the denomination of the coin ‘3 РУБЛЯ’ (3 RUBLES), the year of issue ‘2026 г.’ (2026), the chemical symbol of the metal according to Mendeleev’s Periodic Table of Elements, fineness, the Saint Petersburg Mint trademark, and fine metal content.

The reverse of the coin features a relief coloured image of the Order of Glory of the first, second, and third classes above the relief images of the Eternal Flame at the Tomb of the Unknown Soldier and laurel twigs with the inscription ‘ОРДЕН СЛАВЫ’ (ORDER OF GLORY) around the upper circumference.

The edge of the coin is corrugated.

The coin is minted in proof quality.

The mintage of the coin is 3.0 thousand pcs.

The new coin is legal tender of the Russian Federation and is mandatory for acceptance for all kinds of payments without any restrictions at their face value.

To commemorate heroic deeds during Great Patriotic War (15.04.2026)

Wed, 15 Apr 2026 10:45:26 +0300

On 16 April 2026, the Bank of Russia issues the following 2-ruble silver commemorative coins of the series Heroes of the Great Patriotic War of 1941–1945:

– ‘Issa Pliyev’; and

– ‘Aleksey Maresyev’.

Issa Pliyev was an outstanding commander and twice Hero of the Soviet Union. He was renowned as a master of swift attacks. During the Great Patriotic War, he participated in almost all decisive battles, such as the Battles of Moscow, Stalingrad, and Kursk as well as the Budapest and Prague Offensives. Pliyev was awarded his first Hero of the Soviet Union Gold Star medal in 1944 for crossing the Southern Bug and the second one – for his merits in defeating the Kwantung Army in Manchuria in 1945.

Aleksey Maresyev was a legendary Soviet fighter pilot. He was wounded and shot down by the enemy. It took him 18 days to crawl towards his own lines. Due to frostbite, Maresyev lost both legs. Afterwards, he mastered prosthetic limbs and returned to active service. Maresyev’s story inspired Boris Polevoi, the author of A Story About a Real Man. In July 1943, Maresyev managed to cover two Soviet pilots and shoot down two Nazi fighters simultaneously, for which he was awarded the title Hero of the Soviet Union.

The 2-ruble silver coins (fine metal content 15.55 g, fineness 925/1,000) have a round shape and are 33.0 mm in diameter.

The obverse and the reverse of the coins have a relief rim around the circumference.

The obverse of the coins features a relief image of the National Coat of Arms of the Russian Federation and the inscriptions ‘РОССИЙСКАЯ ФЕДЕРАЦИЯ’ (RUSSIAN FEDERATION) and ‘БАНК РОССИИ’ (BANK OF RUSSIA), the denomination of the coins ‘2 РУБЛЯ’ (2 RUBLES), the year of issue ‘2026 г.’ (2026), the chemical symbol of the metal according to Mendeleev’s Periodic Table of Elements, fineness, the Saint Petersburg Mint trademark, and fine metal content.

The reverse of:

– the coin ‘Issa Pliyev’ (Catalogue No. 5110-0193) features the relief images of the portrait of Issa Pliyev, twice Hero of the Soviet Union, and Gold Star medals against the background of the images of Issa Pliyev on horseback and a group of horse riders, laser treated for matte finishing, and the inscription ‘И.А. ПЛИЕВ’ (ISSA PLIYEV) under the portrait; and

– the coin ‘Aleksey Maresyev’ (Catalogue No. 5110-0194) features the relief images of the portrait of Aleksey Maresyev, Hero of the Soviet Union, and a Gold Star medal against the background of a silhouette of a flying aeroplane and stylised images of contrails in the sky, laser treated for matte finishing, and the inscription ‘А.П. МАРЕСЬЕВ’ (ALEKSEY MARESYEV) under the portrait.

The edge of the coins is corrugated.

The coins are minted in proof quality.

The mintage of the coins is 3,000 pcs of each design.

The new coins are legal tender of the Russian Federation and are mandatory for acceptance for all kinds of payments without any restrictions at their face value.