Business

Russia's Central Bank gets go ahead to issue loans to other banks

14:47 03/10/2008

MOSCOW, October 3 (RIA Novosti) - The State Duma adopted legal amendments on Friday paving the way for Russia's Central Bank to issue unsecured loans for up to six months to rated Russian banks.

The amendments are part of efforts to stabilize the country's financial sector amid the current global financial crisis.

The amendments will allow the Central Bank to issue loans under terms and conditions set by its boards of directors.

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<div style="border:1px solid #d3d3d3; padding:17px 0 0px 17px; background:#ffffff; width:510px;"><div style="width:100%; overflow:hidden;"><a target="_blank" href="http://en.rian.ru/business/20081003/117413684.html" style="text-decoration:none;"><img src="http://en.rian.ru/i/eng/logo_sml.gif" alt="RIA Novosti" title="RIA Novosti" style="float:left; margin-right:10px;" border="0" /></a><a target="_blank" href="http://en.rian.ru/business/20081003/117413684.html" style="color:#000000;text-decoration:none;display: block; margin: 0 10px 0 0 ;"><strong style="font:19px Georgia,Arial,sans-serif; line-height:16px; font-weight:bold;">Russia's Central Bank gets go ahead to issue loans to other banks</strong></a><p style="font:13px Georgia,Arial,sans-serif; padding:5px 10px 0px 0;"><span style="color:#5590bf;">14:47</span> <span style="color:#5590bf; padding-right:7px;">03/10/2008</span> <span style="font-size:12px;">The State Duma adopted legal amendments on Friday paving the way for Russia's Central Bank to issue unsecured loans for up to six months to rated Russian banks. <a target="_blank" style="color:#335f86; padding-left:10px; text-decoration:underline;" href="http://en.rian.ru/business/20081003/117413684.html" title="Russia's Central Bank gets go ahead to issue loans to other banks">>></a></span></p><div style="padding:6px 0 15px 30px; font:10px Verdana,sans-serif;"><a target="_blank" style="color:#114472; text-decoration:underline;" href="http://en.rian.ru" title="RIA Novosti">Other news of the day</a></div></div></div>

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Russia's Central Bank gets go ahead to issue loans to other banks

14:47 03/10/2008 The State Duma adopted legal amendments on Friday paving the way for Russia's Central Bank to issue unsecured loans for up to six months to rated Russian banks. >>

Other news of the day