16 Dec 2011 14:45

Russia's MinFin to select banks on Dec 20 for placing up to 32 bln rubles in one-week deposits

MOSCOW. Dec 16 (Interfax) - Russia's Ministry of Finance will select bank applications on December 20 for the placement of up to 32 billion rubles in temporary idle budget funds in one week (until December 28) deposits, the ministry said in its materials.

The minimum rate was set at 5.85%.

One bank can submit up to five applications at a minimum of 200 million rubles each.