National Financial Board reviews 2025 report, digital ruble

The National Financial Board (NFB) held a meeting on June 29, 2026, to conduct its annual review of the Bank of Russia's 2025 Annual Report.

This crucial document provides a comprehensive overview of the central bank's activities, financial performance, and policy implementation throughout the previous year, serving as a cornerstone for transparency and accountability within the financial system.

The NFB also considered an update from the Bank of Russia Board of Directors regarding key operational issues from the first quarter of 2026, alongside the 2025 report of FBSC AMC Ltd., which contributes to the board's broader oversight functions.

A central theme of the discussions was the strategic development of the Bank of Russia's digital ruble platform project.

Meeting participants deliberated on the key stages of this initiative, which aims to introduce a central bank digital currency to modernize the national payment system and foster innovation.

Furthermore, the board assessed the current state and future prospects of the market for digital financial assets, reflecting the central bank's strategic engagement with evolving financial technologies.

The National Financial Board (NFB) also addressed the regulatory landscape, receiving a comprehensive report on incentive-based regulation within the banking sector.

This discussion focused on mechanisms designed to encourage sound risk management and operational efficiency among financial institutions, thereby contributing to overall financial stability.

Such regulatory frameworks often link supervisory requirements to specific performance indicators or compliance with best practices.

Concluding its agenda, the NFB formally approved several key financial and operational statements for the Bank of Russia's 2025 activities.

This included the statement of personnel costs, encompassing salaries, pensions, and personal insurance for employees.

Furthermore, capital investment plans for 2025 were sanctioned, along with other general and administrative costs.

These approvals are essential for the central bank's budgetary oversight and resource allocation.

The NFB also ratified Bank of Russia regulations governing its daily operations, establishing formal procedural standards for its routine functions and internal governance.