16 Jun 2009 13:42

Russian banks get 15.3 bln rubles at five-week loan auction; cut-off rate at 13.25%

MOSCOW. June 16 (Interfax) - Russian banks will receive 15.333 billion rubles worth of five-week unsecured loans from the Central Bank following Tuesday's auction, the bank said in a statement.

The cut-off rate was in line with the minimal rate at 13.25% annually.

The average weighted rate was 14.18%.

Nineteen banks took part in the auction and all bids were satisfied.

The banks will receive the funds on June 17.