PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of January 12, 2026 No. 878-P

About procedure for forming by credit institutions of reserves on possible losses and about implementation by the Bank of Russia of supervision of its observance

This Provision based on Article part one 19, 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), Article parts one 56, parts four of Article 72 and part of the seventeenth article 74 of the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" 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 November 21, 2025 No. PSD-36) establish procedure for forming by credit institutions of reserves on possible losses and procedure by the Bank of Russia of supervision of its observance.

Chapter 1. General provisions

1.1. The credit institution creates reserves on possible losses (further - reserves) according to this Provision on:

to balance sheet assets on which there is risk of incurring of losses, except for the balance sheet assets specified in Item 1.2 of this provision;

to contingent obligations of credit nature;

to requirements for receipt of interest incomes for credit requirements;

to other losses and additional expenses.

When forming reserves it is necessary to proceed from the principle of priority of economic content of transactions (transactions) over their legal form.

1.2. The credit institution does not create reserves according to this Provision on:

to loans, the loan and equated to it debt determined according to requirements of appendix 1 to the Provision of the Bank of Russia of June 28, 2017 No. 590-P "About procedure for forming by credit institutions of reserves on possible losses by loans, the loan and equated to it debt" <1> (further respectively - loans, the Provision of the Bank of Russia No. 590-P);

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<1> It is registered by the Ministry of Justice of the Russian Federation on July 12, 2017, registration No. 47384, with the changes made by Instructions of the Bank of Russia of July 26, 2018 No. 4874-U (it is registered by the Ministry of Justice of the Russian Federation on October 3, 2018, registration No. 52308), of November 27, 2018 No. 4986-U (it is registered by the Ministry of Justice of the Russian Federation on December 19, 2018, registration No. 53053), of December 26, 2018 No. 5043-U (it is registered by the Ministry of Justice of the Russian Federation on January 23, 2019, registration No. 53505), of July 18, 2019 No. 5211-U (it is registered by the Ministry of Justice of the Russian Federation on September 12, 2019, registration No. 55910), of October 16, 2019 No. 5288-U (it is registered by the Ministry of Justice of the Russian Federation on November 27, 2019, registration No. 56646), of January 11, 2021 No. 5690-U (it is registered by the Ministry of Justice of the Russian Federation on April 26, 2021, registration No. 63238), of August 18, 2021 No. 5889-U (it is registered by the Ministry of Justice of the Russian Federation on September 21, 2021, registration No. 65077), of February 15, 2022 No. 6068-U (it is registered by the Ministry of Justice of the Russian Federation on March 24, 2022, registration No. 67894), of March 15, 2023 No. 6377-U (it is registered by the Ministry of Justice of the Russian Federation on April 7, 2023, registration No. 72915).

to the operations performed with the Bank of Russia, the Combining "ROSINKAS" and also in-Russian transactions with the "National Payment Card System" joint-stock company made with use of Mir payment service provider, service of bystry payments of payment system of the Bank of Russia;

to monetary commitments by the return (urgent) part of transactions on alienation of financial assets with simultaneous adoption of obligations on their return acquisition;

to the investments of credit institutions in the share (share in the authorized capital) reducing the size of own means (capital) of credit institutions according to subitems 2.2.9 and 2.4.3 of Item 2 and subitem 3.2.3 of Item 3 of the Provision of the Bank of Russia of July 4, 2018 No. 646-P "About technique of determination of own means (capital) of credit institutions ("Basel III")" <2> (further - the Provision of the Bank of Russia No. 646-P);

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<2> It is registered by the Ministry of Justice of the Russian Federation on September 10, 2018, registration No. 52122, with the changes made by Instructions of the Bank of Russia of November 27, 2018 No. 4987-U (it is registered by the Ministry of Justice of the Russian Federation on December 19, 2018, registration No. 53064), of June 6, 2019 No. 5163-U (it is registered by the Ministry of Justice of the Russian Federation on September 30, 2019, registration No. 56084), of June 30, 2020 No. 5492-U (it is registered by the Ministry of Justice of the Russian Federation on July 30, 2020, registration No. 59121), of April 10, 2023 No. 6408-U (it is registered by the Ministry of Justice of the Russian Federation on July 17, 2023, registration No. 74322).

to the investments in securities acquired under contracts with the return sale and according to loan agreements;

to investments in the bond of federal loans which nominal value is specified in currency of the Russian Federation;

to the assets reflected in financial accounting at fair value through profit or loss according to the Provision of the Bank of Russia of November 24, 2022 No. 809-P "About the Chart of accounts of financial accounting for credit institutions and procedure for its application"> (further - the Provision of the Bank of Russia No. 809-P), except for the elements of calculation base of reserve specified in Item 2.5 of this provision, the elements of calculation base of reserve specified in Item 2.6 of this provision if the credit institution exercises control or joint control over the managing company specified in Item 2.6 of this provision or exerts considerable impact on activities of such managing company, and the cases specified in the paragraph the second subitem 2.6.2.1 of Item 2.6 of this provision. Determination of control, joint control and considerable influence is performed according to Item 2.3 of the Provision of the Bank of Russia of October 2, 2017 No. 606-P "About procedure for reflection on accounts of financial accounting by credit institutions of transactions with securities" <4> (further - the Provision of the Bank of Russia No. 606-P);

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<3> It is registered by the Ministry of Justice of the Russian Federation on December 29, 2022, registration No. 71867, with the changes made by Instructions of the Bank of Russia of March 23, 2023 No. 6380-U (it is registered by the Ministry of Justice of the Russian Federation on April 24, 2023, registration No. 73130), of January 10, 2024 No. 6666-U (it is registered by the Ministry of Justice of the Russian Federation on January 29, 2024, registration No. 77022), of September 2, 2024 No. 6833-U (it is registered by the Ministry of Justice of the Russian Federation on October 3, 2024, registration No. 79687), of November 2, 2024 No. 6921-U (it is registered by the Ministry of Justice of the Russian Federation on December 3, 2024, registration No. 80448), of June 17, 2025 No. 7076-U (it is registered by the Ministry of Justice of the Russian Federation on July 24, 2025, registration No. 83052).

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