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15.12.2008, 16:43

State lends cash-starved banks $10.5 billion

Russia’s Central Bank held an auction on Monday to provide liquidity to the country’s ailing financial sector. Banks responded by taking loans of 293 billion roubles (US 1.5 billion) at an interest rate of 12.75 per cent.

Regional banks feel the squeeze

Published: 25 November, 2008, 07:14


Russia’s regional banks are sending an SOS after failing to get access to State money. They are urging the Central bank to give them credits backed by their real estate. But market watchers say a massive acquisition of regional banks is unavoidable.

 
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