Cbank to cut reserves against liabilities to foreigners by 0.25 pp - Financial Wire - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cbank to cut reserves against liabilities to foreigners by 0.25 pp

MOSCOW, Feb 12 (PRIME) -- Russia’s central bank will reduce mandatory reserves against ruble liabilities of banks with a general license and non-bank credit institutions to individuals and foreign companies by 0.25 percentage points to 4.75% from April 1, the regulator said in a statement on Tuesday.

The central bank will reduce the reserves by 0.25 percentage points for the banks with a basic license only against ruble liabilities to foreign companies.

The reduction is meant to compensate higher mandatory reserves that the banks will have to make from April 1 after the central bank included all long-term liabilities excluding subordinated instruments, liabilities to international financial organizations, and to state development bank VEB.RF into the list of reservable liabilities.

End

12.02.2019 11:55
 
 
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