25 Oct 2017 18:15

Central Bank provided Otkritie with 380 bln rubles in 1-3 yr funding in Sept

MOSCOW. Oct 25 (Interfax) - The Central Bank of Russia provided Otkritie FC Bank with 380 billion rubles of funding for between one and three years, the bank said in a trial balance sheet as of October 1.

The Central Bank is bailing Otkritie and Trust Bank, part of the Otkritie Group, out.

In January-September, Otkritie had net losses of 279.4 billion rubles, including nearly 285 billion rubles in Q3 2017; and Trust had losses of 72.9 bullion rubles, including 57.5 billion rubles in Q3.