LETTER OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of February 5, 2013 No. 16-T

About Methodical recommendations "About procedure for creation by credit institutions of the financial reporting"

The Bank of Russia submits for use in work Methodical recommendations "About procedure for creation by credit institutions of the financial reporting" in which requirements of the operating International accounting standards as of January 1, 2012 are considered.

These Methodical recommendations can be applied by credit institutions by preparation of the annual financial reporting (except annual consolidated financial statements) constituted according to IFRS in pursuance of the Instruction of the Bank of Russia of January 16, 2013 No. 2964-U "About representation and publication by credit institutions of the annual financial reporting constituted according to International accounting standards".

From the date of signing of this letter of the Bank of Russia the letter of the Bank of Russia of November 24, 2011 No. 169-T "About Methodical recommendations "About procedure for creation and submission of the financial reporting by credit institutions" is cancelled ("the Bulletin of the Bank of Russia" of December 15, 2011 No. 69-70).

To territorial offices of the Bank of Russia to bring this letter to the attention of credit institutions.

This letter is subject to publication in "the Bulletin of the Bank of Russia".

Appendix

to the Letter of the Central Bank of the Russian Federation of February 5, 2013 No. 16-T

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