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Banks take out more unsecured loans from Bank of Russia
RBC, 11.11.2008, Moscow 15:29:06.The Bank of Russia has auctioned off RUB 58.21bn (approx. USD 2.16bn) at a cutoff rate of 9.5 percent a year, MICEX reported today. In total, the bank was ready to give out RUB 100bn (approx. USD 3.71bn) in unsecured loans. The money will be granted on November 12 and must be repaid on December 17, 2008.
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