18 Dec 2014 19:01

Corrected: Recapitalization via OFZ totaling 1 trln rubles to boost bank lending 8-9 trln rubles - Sukhov

(to correct percentage points to rubles)

MOSCOW. Dec 18 (Interfax) - Providing banks with 1 trillion rubles in recapitalization via federal loan bonds (OFZ) will enable them to increase their loan portfolios by an additional 8-9 trillion rubles, Central Bank Deputy Governor Mikhail Sukhov told the State Duma Budget and Taxes Committee on Thursday.

"Growth in the loan portfolios of about 8-9 trillion rubles could be expected," Sukhov said in comments on the effect of bank recapitalization via OFZ.