The Central Bank revealed the advantages of a comprehensive debt settlement mechanism

Bank of Russia: 30 creditors in the Russian Federation apply comprehensive debt settlement

Fri, 02/13/2026 - 02:20

Photo: IZVESTIA/Dmitry Korotaev

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The comprehensive debt settlement mechanism allows people who have difficulties servicing loans and borrowings from different banks and microfinance organizations to contact one lender to obtain restructuring for all obligations at once. Such an explanation of the new procedure provided for by the draft law, which the State Duma adopted in the first reading, was given to Izvestia by the Bank of Russia.

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The regulator noted that such a measure makes the borrower's debt burden feasible, and the repayment schedule is clear.

A comprehensive settlement helps maintain a balance between the interests of creditors and borrowers, the Central Bank's press service said. This mechanism makes it possible for lenders to keep a solvent borrower and avoid a long and not always effective procedure for compulsory debt collection in court. It allows the borrower to manage his debt, taking into account the prevailing life circumstances, without resorting to bankruptcy proceedings.

However, this procedure is not new for Russia. The standard of comprehensive debt settlement recommended by the Central Bank is already in effect. Currently, it is used by 30 lenders, including the largest banks.

"In accordance with the Standard, more than 72,000 transactions were carried out, which allowed borrowers with debts from different creditors to receive restructuring. This indicates that the mechanism is in demand among market participants, even in conditions where it is advisory in nature. However, in order for a comprehensive settlement to become more effective and cover all creditors and collectors, this procedure should be fixed at the legislative level," the Central Bank stressed.