Deposit held an auction on placement of temporary free funds - 11.6 billion rubles - Utilities Fund

The St. Petersburg Currency Exchange held an auction on placement of a deposit of temporarily surplus funds of the State Corporation - Foundation for Housing Reform in bank deposits in authorized banks to 11.6 billion rubles Under the terms of deposit auction on placing of temporarily surplus funds of the Fund for 13 days, the maximum amount of accommodation amounted to 11.6 billion rubles. In the auction was attended by 10 banks: Sberbank of Russia, OJSC "Bank Saint Petersburg", OAO "Alfa-Bank" Bank "Ak Bars" (JSC) VTB 24 (JSC), JSC "PSB", OJSC " TransCreditBank, Raiffeisenbank, CREDIT EUROPE BANK "," Gazprombank "(JSC). In the course of the auction were filed applications worth 47.722 billion rubles. The minimum bid specified in the application of the authorized banks, amounted to 6.3 per cent per annum , maximum - 10.52 percent per annum. Satisfied 3 applications of the authorized banks in the amount of 11.6 billion rubles. The rate cut, established by the Fund amounted to 9 percent per annum, the weighted average rate of approved applications was 9.4 per cent per annum. The winners of the deposit auction began : Sberbank of Russia, OJSC "Bank Saint Petersburg", AKB "Ak Bars" (JSC).