Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

On interest rates on the Bank of Russia specialised refinancing instruments

On 31 July 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 9.00% per annum:

loans secured by the pledge of receivables on loans extended to fund investment projects;

loans secured by bonds placed for investment project funding and included in the Bank of Russia Lombard List;

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 10.75% per annum.

The interest rate on loans secured by the pledge of claims on special purpose loan agreements concluded by JSC SME Bank with credit institutions and microfinance organisations to provide loans to small and medium-sized businesses was left unchanged at 6.50% per annum.

31 July 2015

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