The amendments are made to the Provisions of the Bank of Russia "On the procedure for formation by credit institutions of reserves for possible losses under loans, under loan indebtedness and those equalled thereto"
The amendments are made to the Instruction of the Bank of Russia "On obligatory banking norms"
The Direction of the Bank of Russia N 1905-U of November 13,
2007 (document is in Russian) makes amendments to
the Instruction of the Bank of Russia N 110-I "On obligatory
banking norms" of January 16, 2004 (document is in
Russian), and pursuant to them the procedure shall be changed
for calculation of obligatory banking norms. In particular,
there is changed the formula of calculation of norm of sufficient
of own funds (capital) of bank (N1), the amendments are made
to the system of qualification of risks used at evaluation of
assets by banks at calculation of N1 norm. So, the amendments
are made to the procedure for calculation of norm of instantaneous
liquidity of bank (N2), norm of maximum size of risks per one
concerned borrower or group of concerned borrowers (N6),
as well as norm of use of own funds (capital) of bank for acquisition
of stocks (shares) of other legal entities (N12).
This
Directions shall come into effect from January 1, 2008.
The amendments are made to the Provisions of the Bank of Russia "On calculation of interests on operations concerned with attraction and placing of monetary funds by banks, and reflection of aforesaid operations on accounts of book-entry accounting"
The amendments are made to the Directions of the Bank of Russia "On the procedure for work with the documents on the basis of which credit institutions operated before the state registration of the changes made to the founding documents"
The amendments are made to the Directions of the Bank of Russia "On the list, forms and procedure for making up and submission of forms of accountability of credit institutions to the RF Central Bank"
In accordance with amendments, certain kinds
of operations are excluded from the list of operations, for
which performance payment is not levied. So, payment shall be
levied for such calculation services as: writing off funds from
account of client of the Bank of Russia for reserving at making
currency operations and writing off funds when payment sum not
more than established size.
