22 Jun 2009 14:21

Banks should start issuing loans under state guarantees in July-Aug

MOSCOW. June 22 (Interfax) - Russian Central Bank Chairman Sergei Ignatyev has said banks should start providing loans under government guarantees in July-August.

"The state guarantees mechanism needs to be launched as soon as possible," Ignatyev said at a meeting of the State Duma's Financial Markets Committee on Monday.