INSTRUCTION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of June 18, 2015 No. 3683-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 June 15, 2015 No. 18) 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, on December 11, 2014 No. 35134, on December 26, 2014 No. 35437 ("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, of December 22, 2014 No. 112, of December 31, 2014 No. 117 - 118), the following changes.

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

1.2. In the paragraph the twenty sixth Item 5.1 of the word "within one year" shall be replaced with words "within three years".

1.3. In Item 6.2:

the eleventh subitem 6.2.1 to state the paragraph in the following edition:

"the real estate which is ensuring obligation fulfillment of the borrower under the agreement of mortgage housing lending provided that the mortgage housing loan is issued taking into account the requirements established by "Agency for housing mortgage lending" open joint stock company and observance of ratio of size of principal debt according to the loan to fair value of pledge of the real estate no more than 70 percent calculated including taking into account the requirements established by subitem 2.3.23 of Item 2.3 of the Instruction of the Bank of Russia No. 139-I";

add with subitem 6.2.10 of the following content:

"6.2.10. guarantees (guarantee) of legal entities according to which obligation fulfillment directly or through the third party (third parties) is provided with guarantee of the Russian Federation.".

1.4. Add Item 6.4 with the paragraph of the following content:

"for guarantees (guarantees) of legal entities according to which obligation fulfillment directly or through the third party (third parties) is provided with guarantee of the Russian Federation, - in the amount of guarantee of the Russian Federation.".

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

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