On the maximum allotment amount at the credit auction for the provision of 3-month loans

The Bank of Russia set the maximum allotment amount at the auction for the provision of 3-month loans secured by non-marketable assets, which will be conducted on 8 December 2014, equal to 500 billion roubles. Other auction parameters are available in the press release “On the parameters of the auctions for the provision of loans secured by non-marketable assets at a floating interest rate for the third and fourth quarters of 2014”.

The maximum allotment amount at the auction is established in line with the conservative approach to the provision of banking sector liquidity through all Bank of Russia operations.

The auction is conducted according to Regulation No. 312-P, dated 12 November 2007, “On the Provision of Loans Secured by Non-marketable Assets and Guarantees by the Bank of Russia to Credit Institutions”.

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