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Banks' correspondent accounts with CBR rise 12.5%

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MOSCOW, December 27 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 643.9 billion rubles ($24.43 billion at the current exchange rates) at the beginning of the business day, up 12.5% (71.4 billion rubles/$2.71 billion) from Tuesday, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 38 billion rubles ($1.44 billion), down 38.3% (23.6 billion rubles/$895.3 million) from Tuesday.

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