Features of disclosure of accounting (financial) statements

Features of disclosure of accounting (financial) statements


When forming information about the Bank's activities, the following circumstances are taken into account:

  • The Bank is not a consolidated member of a banking group. Accordingly, the consolidated financial statements of the Bank are not formed and are not subject to disclosure;
  • The Bank does not apply banking methods of credit risk management and models of quantitative assessment of credit risks used to determine the magnitude of credit risk when applying an approach based on internal ratings (hereinafter referred to as IRA) in order to calculate capital adequacy ratios;
  • The Bank is not exposed to securitization risk in its activities due to the absence of transactions (operations) on securitization of assets, including investments in debt obligations secured by assets;
  • The Bank does not use credit derivatives as a tool to reduce credit risk;
  • The Bank does not have investments in securities, the rights to which are certified by depositories that do not meet the criteria set out in point 1.2 of the Instruction of the Bank of Russia dated 17.11.2011 No. 2732-U "On the specifics of the formation by credit institutions of a reserve for possible losses on transactions with securities, the rights to which are certified by depositories". The rights to all investments in securities reflected on the Bank's balance sheet are certified by the central depository - National Settlement Depository;
  • The Bank has no financial investments in subsidiaries, jointly controlled enterprises, dependent business entities and structured organizations;
  • the Bank's short-term liquidity ratio is not calculated due to the fact that the Bank does not meet the criteria of point 7 of part one of article 76 of Federal Law No. 86-FZ of July 10, 2002 "On the Central Bank of the Russian Federation (Bank of Russia)" in terms of assets and (or) the amount of funds raised from individuals on the basis of bank deposit agreements and bank account agreements exceeding 50 and 10 billion rubles, respectively;
  • The Bank does not belong to systemically significant credit institutions and does not calculate the structural liquidity ratio (net stable funding ratio);
  • The Bank does not have permission to use the Value at Risk (VAR) model for regulatory purposes;
  • The Bank classifies loans, loans and related debts into the category of those measured at amortised cost;
  • The Bank does not participate in joint employer programs and does not make payments to employees based on equity instruments;
  • there is no intention in the Bank's strategic and current plans to participate in the merger of businesses;
  • The Bank does not have convertible securities and contracts, the diluted profit (loss) per share is not determined by the Bank and is not disclosed;
  • The Bank has no structural divisions located on the territory of a foreign state.