24.11.2008, 21:32
CBR to Provide Lending Institutions with Collateral-Free Loans
OREANDA-NEWS. November 24, 2008. CBR is to hold auctions on November 24 and November 25 to provide lending institutions with 3-month and 5-week collateral-free loans, the PR Department of the Central Bank of Russia reported. The maximum amount to be lent at the auction for 3-month loans is RUB 300 bn and RUB 200 bn for 5-week loans. The minimum interest rate for 3-month loans is 10.75% and 10.5% for 5-week credit facilities. Funds are to be extended on November 26 and are to be repaid on February 25, 2009 (3-month loans) and December 29, 2008 (5-week loans).
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