1 Jul 2011 12:05

Deposit Insurance Agency to provide Bank of Moscow 295 bln ruble loan at 0.51%

MOSCOW. July 1 (Interfax) - Russia's Deposit Insurance Agency (ASV) will provide a loan of 295 billion rubles to Bank of Moscow at 0.51% annual interest for 10 years, the Central Bank said in a press release.

The Central Bank will provide the money to ASV in the form of a five-year loan at 0.5% annually.

The VTB Group is also expected to boost Bank of Moscow charter capital by 100 billion rubles.

RTS$#&: MMBM, VTBR