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Russia's Central Bank voices concern over rising bank debt

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MOSCOW, October 16 (RIA Novosti) - Russia's Central Bank is concerned by the increasing debt of the country's banks, which grew by $30 billion this year, a senior Central Bank official said Monday.

"We are concerned by the accelerating growth of the liabilities held by Russian banks this year," First Deputy Chairman Alexei Ulyukayev told a conference on IPO capital markets and debt instruments.

He added that last year's growth in the liabilities of non-financial institutions is also considered a negative trend by the Bank of Russia.

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