INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of December 18, 2014 No. 3496-U

About modification of the Provision of the Bank of Russia of March 26, 2004 No. 254-P "About procedure for forming by credit institutions of reserves on possible losses according to loans, on the loan and equated to it debt"

1. 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 December 18, 2014 No. 44) to bring in the Provision of the Bank of Russia of March 26, 2004 No. 254-P "About procedure for forming by credit institutions of reserves on possible losses according to loans, on the loan and equated to it debt", registered by the Ministry of Justice of the Russian Federation on April 26, 2004 No. 5774, on April 20, 2006 No. 7728, on December 27, 2006 No. 8676, on December 10, 2007 No. 10660, on January 23, 2008 No. 10968, on May 22, 2008 No. 11724, on May 22, 2008 No. 11730, on June 30, 2008 No. 11903, on January 29, 2009 No. 13219, on February 20, 2009 No. 13414, on December 21, 2009 No. 15772, on December 24, 2009 No. 15811, on August 17, 2012 No. 25204, on December 13, 2012 No. 26113, on December 28, 2012 No. 26407, on June 26, 2013 No. 28896, on September 24, 2013 No. 30005, on November 29, 2013 No. 30494, on June 18, 2014 No. 32736, on November 10, 2014 No. 34627 ("the Bulletin of the Bank of Russia" of May 7, 2004 No. 28, of May 4, 2006 No. 26, of January 15, 2007 No. 1, of December 17, 2007 No. 69, of January 31, 2008 No. 4, of May 28 2008 No. 25, of June 4, 2008 No. 28, of July 9, 2008 No. 36, of February 4, 2009 No. 7, of March 4, 2009 No. 15, of December 28, 2009 No. 77, of August 22, 2012 No. 50, of December 19, 2012 No. 73, of December 29, 2012 No. 78, of June 28, 2013 No. 36, of October 2, 2013 No. 54, of November 30, 2013 No. 69, of July 9, 2014 No. 63, of November 26, 2014 No. 105), the following changes.

1.1. In paragraph one of Item 3.17 of the word "within one year" shall be replaced with words "within two years".

1.2. The paragraph one of Item 3.18 after the words "within calendar year before settlement date of reserve" to add with words "(according to the loans allowed borrowers - legal entities or individual entrepreneurs on implementation of investment projects according to which within two years before settlement date of reserve)".

2. This Instruction becomes effective from the date of its official publication in "the Bulletin of the Bank of Russia".

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