5 Oct 2011 09:26

Russia's net capital outflow stands at $18.7 bln in Q3; $49.3 bln in first 9 months - CB

MOSCOW. Oct 5 (Interfax) - Net private capital outflow from Russia in the third quarter, according to the balance of payments, stood at $18.7 billion, the Bank of Russia said on its website.

Capital outflow totaled $21.4 billion in the first quarter and $9.2 billion in the second quarter. Thus, net outflow of private capital from Russia in January-September stood at $49.3 billion.

Net capital outflow totaled $4.6 billion by the banking sector in the third quarter of 2011 and $14.1 billion for other sectors.

The Central Bank estimates that net capital outflow totaled $34 billion in 2010.

Net private capital outflows from Russia are expected to increase to $36 billion in 2011.