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Banks' correspondent accounts with CBR decline 11.6 %

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MOSCOW, March 29 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 642.8 billion rubles ($24.7 billion at the current exchange rates) at the beginning of the business day, down 11.6 % (84.6 billion rubles/$3.25 million) from Wednesday, the CBR said Thursday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 105.7 billion rubles ($4.06 billion), down 14.6 % (18.1 billion rubles/ $6.9 million) from Wednesday.

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