Views Article – Sharenet Wealth

Europe, Forex

Russia central bank to provide $2 bln to Moscow Industrial Bank

MOSCOW, July 12 (Reuters) – Russia’s central bank will provide 128.7 billion roubles ($2 billion) to support Moscow Industrial Bank, the central bank said in a statement on Friday.

The central bank said in January it was bailing out Moscow Industrial Bank, then the 33rd largest lender in the country by assets, and that it would provide liquidity to it.

($1 = 63.0775 roubles) (Reporting by Elena Fabrichnaya; Writing by Tom Balmforth; Editing by Mark Potter)

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