The Business Times
SUBSCRIBERS

Russia to bail out Trust Bank with up to 30b roubles

Published Mon, Dec 22, 2014 · 09:50 PM

Moscow

RUSSIAN mid-sized lender Trust Bank is to receive up to 30 billion roubles (S$717.5 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.

The central bank said that its Deposit Insurance Agency, responsible for manag…

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here