CEO: Russia’s DIA can ask central bank for loan in September

MOSCOW, Jun 8 (PRIME) -- Russia’s Deposit Insurance Agency (DIA) will most probably ask the central bank for a loan in September if at least one more bank in the country goes bankrupt, Director Yury Isayev told reporters Monday.

“We will not ask the central bank (for a loan) in September at all if no insured risk fulfills. If at least one does, we will ask… most probably, we will go for money,” Isayev said.

The DIA will soon pay a record high insurance of about 37.6 billion rubles to 59,300 clients of bank Transportny, whose license was recalled by the central bank on May 20.

(56.2463 rubles – U.S. $1)

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