The Bank of Russia has extended another loan worth RUB 65.9bn (approx. USD 2.39bn) to rehabilitate 10 different banks, Deputy PM and Finance Minister Alexei Kudrin told a Presidium meeting today. He explained that the money would be lent to regionally important banks. The minister added that the banks would be able to recover and continue their activities. He noted, however, that there were difficulties with other banks, whose licenses were now being revoked by the Central Bank. Kudrin stressed that these banks were not significant for federal or regional financial markets, adding that the Deposit Insurance Agency would be involved at once in case of such banks.
Kudrin also noted that the forecasts of the expected large-scale rehabilitation of banks and revocation of bank licenses had not proved true. "We have managed to maintain stability in the banking system," Kudrin said. |
