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Central Bank to offer unsecured three-month loans
RBC, 10.11.2008, Moscow 09:55:58.The Bank of Russia will offer banks RUB 100bn (approx. USD 3.7bn) in unsecured loans for a period of three months today. The minimal interest rate on loans has been set at 9.75 percent a year. The loans will be extended on November 12 and mature on February 11, 2009. At a maximum, the bank will accept three bids from each credit institution, for no less than RUB 1m (approx. USD 37,023) each.
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