Russia c.bank issues 143.07 bln roubles in loans to banks

MOSCOW Mon Nov 17, 2008 3:40pm IST

MOSCOW Nov 17 (Reuters) - Russia's central bank had issued 143.07 billion roubles ($5.23 billion) in collateral-free loans to commercial banks on Monday, out of the 150 billion on offer.

The cut off rate at the auction was 12.52 percent. The loans are granted for a period of six months.

For details of the previous five-weeks auction held on Nov.11, see [ID:nLB116804].

The minimum rating requirements for the banks at the auction were the same as for three-months collateral-free loans -- the credit organization should be rated no lower than BB- by Fitch and S&P or Ba3 by Moody's.

The collateral-free loans from the central bank were introduced from Oct. 20, to help boost liquidity in Russia's banking system.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared