On retail deposits’ base rate established by Bank of Russia for December 2015

According to Federal Law No. 432-FZ, dated 22 December 2014, ‘On Amending Certain Laws of the Russian Federation and Invalidating Certain Laws (Provisions Thereof) of the Russian Federation’, the Bank of Russia announces the placement of the results of measuring the December 2015 base yield level for deposits at the banks which have attracted two-thirds of total household deposits. This information is published in the sub-section Information on Deposits’ Base Yield Level / Deposits’ Base Yield Level of the section Information and Analytical Materials on the Bank of Russia website.

The established level is calculated in compliance with Bank of Russia Ordinance No. 3607-U, dated 23 March 2015, ‘On Measuring Deposits’ Base Yield’, and Bank of Russia Ordinance No. 3606-U, dated 23 March 2015, ‘On Amending Bank of Russia Ordinance No. 3194-U, Dated 27 February 2014, ‘On the Procedure for Disclosing by Credit Institutions Information about Interest Rates on Household Bank Deposit Agreements’.

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20.11.2015 00.00.00