Press Service

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

Press Service

12 Neglinnaya Street, Moscow, 107016 Russia;

On interest rates on the Bank of Russia specialised refinancing instruments

On 31 October 2014 the Bank of Russia Board of Directors decided to change the interest rates on specialised refinancing instruments. From 5, November 2014 interest rates on loans secured by bonds placed for investment project funding and by the pledge of receivables on loans extended to fund investment projects, as well as by loans secured by the pledge of receivables on loan agreements secured by insurance agreements of the open joint stock company Export Insurance Agency of Russia (OJSC ‘EXIAR’), are set at the key rate level less 1.5 percentage points — 8.0 percent per annum.

The interest rate on loans secured by claims under interbank lending arrangements, provided by the open joint-stock Russian Bank for Small and Medium Enterprises Support (SME Bank), is set at 5.5 percentage points per annum.

31 October 2014

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