The Central Bank resumed the disclosure of bank information forms. The regulator suspended the publication of financial information of credit institutions in 2022 after the start of a special operation in Ukraine due to risks of sanctions.
The Bank of Russia resumed the publication of banks’ financial statements. This was reported by the press service of the regulator.
“In order to protect banks and their counterparties from possible additional sanctions, confidential information is excluded from the publication of financial statements; only certain indicators will be disclosed in a number of ways,” the central bank said in a statement.
The regulator plans to start publishing quarterly financial reports for banks and quarterly reporting forms for banking groups in July.
The resumption of the publication of reports will increase the transparency of the banking sector and individual banks, summarized in the Bank of Russia.
The Central Bank suspended the publication of banks’ financial statements in 2022 after the start of a special operation in Ukraine due to sanctions risks.
Author:
Kirill Bilyk
Source: RB
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