Wednesday, June 1, 2011

Banks attracted only one-fifth of the volume of the proposed CBR unsecured auctions today.

During the auction of unsecured securities placed in banks of Russia 64.605 billion rubles from the proposed 350 billion rubles. Interest rate cut at the auction the CBR to provide 6-month loans without collateral on Monday amounted to 13.25% per annum and has coincided with a minimal set, according to the MICEX. In the auction was attended by 13 banks.

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