Russia mulls slashing margins on $30bn bail-out loans
Russian banks could save $5.3bn on interest payments over the next 10 years if the country’s government goes ahead with a cut to the cost of Rb900bn ($30bn) of bail-out loans it provided during the financial crisis, Moody’s said on Monday.
Sberbank, which took Rb500bn ($16.6bn) of the state subordinated loans, would be one of the biggest beneficiaries of the plan.
The proposal to cut the lending rate to 6.25%, from the current 8%, was initially proposed by a parliamentary committee, with the Central Bank and Ministry of Finance giving
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