INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 26, 2023 No. 6465-U

About modification of the Provision of the Bank of Russia of October 23, 2017 No. 611-P "About procedure for forming by credit institutions of reserves on possible losses"

Based on Item 8 parts one of Article 62, Article 69 and part four of article 72 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)", parts one and the second article 24 of the Federal law "About Banks and Banking Activity" (in edition of the Federal Law of February 3, 1996 No. 17-FZ) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of June 23, 2023 No. PSD-23):

1. Bring in the Provision of the Bank of Russia of October 23, 2017 No. 611-P "About procedure for forming by credit institutions of reserves on possible losses" <1> following of change:

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<1> It is registered by the Ministry of Justice of the Russian Federation on March 15, 2018, registration No. 50381, with the changes made by Instructions of the Bank of Russia of November 27, 2018 No. 4988-U (it is registered by the Ministry of Justice of the Russian Federation on December 19, 2018, registration No. 53054), of July 18, 2019 No. 5212-U (it is registered by the Ministry of Justice of the Russian Federation on September 12, 2019, registration No. 55911), of February 27, 2020 No. 5404-U (it is registered by the Ministry of Justice of the Russian Federation on March 31, 2020, registration No. 57915), of April 22, 2020 No. 5449-U (it is registered by the Ministry of Justice of the Russian Federation on May 28, 2020, registration No. 58498).

1.1. Add Item 1.1 with the paragraph of the following content:

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