Central Bank reports volume of credits allocated by domestic banks

The volume of hard currency credits allocated by Russian banks by May 1, 2002 amounted to about $19.23bn, or 606.428bn rubles, the department for external and pubic relations of the Russian Central Bank reported. This was 41.44bn rubles ($1.31bn) more than as of April 1, 2002 and 111.428bn rubles ($3.53bn) more versus the beginning of this year. The Central Bank's department specified that credits to individuals made up 17.475bn rubles ($554m) and credits allocated to other domestic banks reached 118.992bn rubles ($3.77bn). In addition, 421.719bn rubles ($13.38bn) in credits were allocated to enterprises and organizations. The majority of credits were provided for 1 to 3 years.

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