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The Central Bank of the Russian Federation ended 2025 with a loss of nearly 185 billion roubles

The Central Bank of the Russian Federation ended 2025 with a loss of nearly 185 billion roubles

Diana Shevchenko Journalist

21 March 2026, 17:44

The Central Bank of the Russian Federation ended 2025 with a loss of nearly 185 billion roubles — Russian roubles (illustrative photo from open sources)

The Bank of Russia reported a net loss of 184.8 billion roubles for 2025. The previous year, the regulator had posted a profit.

According to the annual report published on 20 March, the Bank of Russia ended 2025 with a net loss of 184.8 billion roubles. In 2024, the regulator reported a record net profit of 199.5 billion roubles, DW reports.

The report notes that the financial result was shaped by a reduction in the total volume of refinancing for credit institutions and a decrease in the proportion of loans granted to market participants at higher rates. This led to a decline in interest income from refinancing operations compared to 2024, whilst interest expenses on absorption operations generally remained at the previous level. The regulator emphasised that generating profit is not the objective of the Bank of Russia’s activities.

In 2025, the Central Bank’s interest income fell by more than a third to 801.8 billion roubles. Income from operations involving securities, foreign exchange and precious metals also fell by approximately a third to 72.3 billion roubles. At the same time, income from equity investments in subsidiaries rose 2.7-fold to 52.9 billion roubles.

The Bank of Russia’s total assets at the end of the year fell by 2.5% to 69.19 trillion roubles.

The Bank of Russia last recorded a loss in 2022 following the start of Russia’s full-scale invasion of Ukraine. At that time, losses amounted to 720 billion roubles and were a record high.

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