Putin tells Russia state banks to lend $14.5 bln by Oct

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MOSCOW, June 29 | Mon Jun 29, 2009 6:45am EDT

MOSCOW, June 29 (Reuters) - Russian Prime Minister Vladimir Putin ordered on Monday Russia's state-run banks to increase their total loan portfolio by some 450 billion roubles ($14.46 billion) over the next three months.

Putin told a meeting of senior government officials that such banks, which include Sberbank (VTBR.MM) and VTB (VTBR.MM), must lend out a total of 150 billion roubles in each of the next three months. (Reporting by Toni Vorobyova, writing by Simon Shuster)

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