Net Inflows to Russian Individual Investment Accounts Surge 3.7-Fold to 230 Billion Rubles in One Year

14:41; 27 February 2026 year

### Individual Investment Accounts Market Hits Record High in 2025 2025 marked a turning point for the individual investment accounts (IIS) market in Russia. Net inflows into IIS reached 230 billion rubles, a 3.7-fold increase from the previous year, according to analysts at the Central Bank of Russia (CBR). This sharp rise in interest from retail investors underscores the growing appeal of the stock market. The most significant inflow of funds occurred in the fourth quarter, with investors contributing 103 billion rubles from October to December. This is the highest quarterly result since the introduction of IIS in 2015. The surge in interest was largely driven by the gradual decline in bank deposit yields, prompting citizens to seek alternative investment options. The total number of open IIS accounts reached 6.4 million, with around 20% of these being the new format IIS-3. The expansion of IIS-3 accounts was primarily due to new contracts being signed rather than the conversion of previously opened first and second type accounts. The substantial inflow of funds, combined with a positive revaluation of Russian securities, led to a notable increase in the total asset value of IIS. By the end of the year, the aggregate volume had nearly doubled to 888 billion rubles. As monetary policy gradually eased, investors increasingly favored ruble-denominated bonds, particularly corporate ones. As a result, the share of debt instruments in portfolio structures doubled to 42%. Interest in Russian company stocks remained strong, but the growth rate of investments in this segment lagged behind that of bonds.

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