Russian cbank mulls long-term refinancing for banks
MOSCOW, March 26
MOSCOW, March 26 (Reuters) - The Russian central bank is considering three-year refinancing for banks secured by investment projects, the bank's First Deputy Governor Ksenia Yudayeva said on Wednesday.
Russian banks have been pressing the regulator for longer-term refinancing tools similar to the European Central Bank's long-term refinancing operation (LTRO). At present the Russian central bank provides medium-term refinancing up to one year.
Yudayeva said that as a first stage the central bank would accept loans that are backed by state guarantees. (Reporting by Oksana Kobzeva; Writing by Jason Bush; Editing by Maria Kiselyova)
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