On interest rates on the Bank of Russia specialised refinancing instruments
On 30 January 2015 the Bank of Russia Board of Directors decided to leave unchanged interest rates on the specialised refinancing instruments. As a result the interest rates on the following instruments was set at the key rate level less 6.00 percentage points — at 9.00% per annum:
loans secured by the pledge of receivables on loans extended to fund investment projects;
loans secured by the pledge of receivables on loan agreements secured by insurance agreements of OJSC Export Insurance Agency of Russia (OJSC ‘EXIAR’).
The interest rate on the Bank of Russia loans secured by the mortgages given under the program ‘Military mortgage’ was set at the Bank of Russia key rate level less 4.25 percentage points — 10,75% per annum. If the Bank of Russia Board of Directors decides to change the Bank of Russia key rate, interest rates on earlier issued loans with maturities from 91 to 1095 calendar days will not be adjusted by the value of change in the Bank of Russia key rate from the effective date of such change.
The interest rate on loans secured by the pledge of receivables on interbank loan agreements extended by OJSC SME Bank was left unchanged at 6.50% per annum.
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