INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 11, 2025 No. 7166-U

About procedure for use by credit consumer cooperatives and microfinancial organizations of the amounts of reserves on possible losses on loans in case of write-off from balance of bad debt on loans

This Instruction based on paragraph one of Item 3 of article 297.3 of the Tax Code of the Russian Federation establishes procedure for use by credit consumer cooperatives and microfinancial organizations of the amounts of reserves on possible losses on loans in case of write-off from balance of bad debt on loans.

1. Use by credit consumer cooperatives (further - the CPC), the microfinancial organizations (further - IFI) the amounts of reserves on possible losses on loans in case of write-off from balance of bad debt on loans is performed by means of acceptance of the CPC, IFI of the decision on write-off from balance of bad debt on loans (further - the decision on write-off) no later than December 31 of calendar year in which:

PDA are revealed the circumstances specified in Item 2 of the Instruction of the Bank of Russia of September 30, 2024 to No. 6875-U "About procedure for forming of reserves by credit consumer cooperatives possible losses on loans" <1> (further - circumstances of forming of reserves of the CPC) which entailed recognition of the CPC of debt on loans of hopeless;

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<1> It is registered by the Ministry of Justice of the Russian Federation on November 8, 2024, registration No. 80085.

IFIs are revealed the circumstances specified in Item 5 of the Instruction of the Bank of Russia of January 20, 2020 to No. 5391-U "About procedure for forming by the microfinancial organizations of reserves possible losses on loans" <2> (further - circumstances of forming of reserves of IFI) which entailed recognition of IFI of debt on loans of hopeless.

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