Source Pravda.Ru

Banks experiencing problems with ruble liquidity

Balances of correspondent accounts at Russian commercial banks gainedconsiderably at the beginning of business today. This increase amounted tosome 13bn rubles (about $412m) throughout the country and to 11bn rubles(about $348m) at commercial banks in the Moscow region. This advance hasbeen the largest since August 1, i.e. for nearly a month. As a result thebalance of correspondent accounts at Russian commercial banks amounted to93.774 billion rubles (about $2.97bn) as of the beginning of business onAugust 30. The balance of the correspondent accounts at the banks in theMoscow region reached 58.012 billion rubles (about $1.84bn). These figureshave been the highest over the past two months, since July 2. Nevertheless,commercial banks have experienced serious problems with ruble liquidity inthe first half of the day. Evidence of this fact is high ruble creditrates. The one-day ruble credit rate is from nine to twelve percentcurrently. Taking into account the coming two days off, July 31 andSeptember 1, the overnight credit is in fact 27 percent to 36 percent,experts of a commercial bank said in an interview withRosBusinessConsulting..

Comments
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Russian Guard to see enemies behind walls
Russian Guard to see enemies behind walls
Turkish President Erdogan issues ultimatum to Washington and Brussels
Having lost in Syria, the West needs to find another victim nation
Russian-Indian defence cooperation in danger after India commits inadmissible act
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin in Egypt: Who's the big player in the Middle East?
Putin in Egypt: Who's the big player in the Middle East?
US military men depressed over of Russia's new T-5000 sniper rifle
Turkish President Erdogan issues ultimatum to Washington and Brussels
Turkish President Erdogan issues ultimatum to Washington and Brussels
US military men depressed over of Russia's new T-5000 sniper rifle
Turkish President Erdogan issues ultimatum to Washington and Brussels
Child model from Russia ranked most beautiful girl in the world
Russia works on MiG-41 doomsday fighter jet
US military men depressed over of Russia's new T-5000 sniper rifle
US military men depressed over of Russia's new T-5000 sniper rifle
Russia to rebuild its former Soviet naval base in Syria's Tartus
Lenin planted the seeds that destroyed the USSR