Press Service

The Central Bank of the Russian Federation (Bank of Russia)

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

On results of deposit auction-based fine-tuning operation

On 9 February 2015, the Bank of Russia held deposit auction-based fine-tuning operation with maximum volume of raised funds amounting to 220.00 billion rubles.

The deposit auction was attended by 53 credit institutions from 17 Russian regions. Bids offering interest rates in the range of 13.95% p.a. to 15.00% p.a. were submitted to the deposit auction. The deposit auction offer amounted to 266.031 billion rubles.

As a result of the deposit auction the cut-off rate was set at 14.93% p.a.

The weighted average interest rate was 14.73% p.a.

The volume of funds raised as a result of the deposit auction was 220.00 billion rubles.

The auction was held in compliance with Article 46 of Federal Law No. 86-FZ, dated 10 July 2002, ‘On the Central Bank of the Russian Federation (Bank of Russia)’ and Bank of Russia Regulation No. 404-P, dated 9 August 2013, ‘On Conducting Bank of Russia Deposit Operations with Credit Institutions’.

09 February 2015

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