Financial Sector Overview
Bank of Russia
BANK OF RUSSIA: OVERVIEW
The Central Bank of the Russian Federation
11
NEWSLETTER (1)
Key news from the Russian financial market
11 June 2019
31 May 2019
Starting from 1 October 2019, banks will be required to calculate customers' PTI (payment-to-income) ratio. Add-ons
to the risk ratios applied to consumer loans will be then set by the Bank of Russia depending on both the PTI and the
effective interest rate.
The Bank of Russia decided to raise required reserve ratios on liabilities to individuals in foreign currency for credit
institutions by 1 percentage point to 8.0%, effective from 1 July 2019.
Daily amount of regular foreign currency purchases in the domestic market under the fiscal rule is:
RUB 16.3 bn from 7 June until 4 July 2019
5 June 2019
28 January 2019
25 January 2019
1 January 2019
RUB 16.7 bn from 14 May until 6 June 2019
RUB 11.6 bn from 5 April until 13 May 2019
RUB 15.5 bn from 7 March until 4 April 2019
RUB 9.7 bn from 7 February until 6 March 2019
RUB 15.6 bn from 15 January until 6 February
The Faster Payments System launched and is set to enable individuals to make instant transfers to each other
24/7/365 using a mobile phone number - regardless of in which banks the sender and recipient have their accounts.
The Bank of Russia decided to commence from 1 February 2019 deferred foreign currency purchases in the domestic
market under the fiscal rule to compensate for the regular purchases suspended in 2018. These purchases will be
carried out gradually in the 36 months since the launch date with the daily amount of RUB 2.8 bn.
✓ Capital conservation buffer will be raised in accordance with the schedule approved by the Bank of Russia - it will
stand at 1.875% from 1 January 2019, 2.0% from 1 April 2019, 2.125% from 1 July 2019, 2.25% from 1 October
2019, and 2.5% from 1 January 2020.
✓ The SIFI capital buffer (applied to 11 systemically important Russian banks) will remain at 0.65% throughout 2019.
The minimum LCR requirements for SIFI raised from 90% to 100% in accordance with the Basel III standards.
✓ The deposit insurance system will cover small enterprises' funds up RUB to 1.4 mln deposited with Russian banks
that have joined the deposit insurance system.
✓ Systemically important banks start to calculate the ratio of maximum concentration of exposure per borrower or
group of related borrowers and report it to the Bank of Russia. Based of the results of monitoring this indicator, the
Bank of Russia will make a decision on the terms and specifics for setting it as a required ratio.View entire presentation