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In banking operations, the strategy for managing non-core and other problem assets plays a critical role. This is driven by regulatory requirements under Central Bank of Russia Regulation No. 611-P dated 23 October 2017, which mandates the creation of provisions for potential losses related to non-core activities of credit institutions. The provision requirements depend on how long such assets have been held on the bank’s balance sheet. Provisions can only be discontinued if the non-core asset is sold on the market.

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