04 June 2004 05:50
CBR sees no problem on interbank loan market
ST. PETERSBURG. June 4 (Interfax) - The Central Bank of Russia does not see any problem with the situation on the
interbank loan market, CBR First Deputy Chairman Andrei Kozlov said at a press conference Friday.
Commenting on rumors that banks were closing limits on each other, Kozlov cited Central Bank analysts as saying that
interbank loan market interest rates, trading volumes, and liquidity remain normal and are no different from the usual
indicators.
"There are no grounds for any major steps," he said when asked about the Central Bank's refinancing of
banks facing liquidity problems. When liquidity is short, the Central Bank back it up with the help of the instruments
it has at hand, he said.
"If the situation worsens, we have the [necessary] instruments, but the situation is normal now," Kozlov
said.
The Central Bank does not have any black lists for banks, he said. "This phantom is used for dishonest
competition. I ask bankers to calm down, take a break and come back to work on Monday with a clear head and clean
hands," he said. [RU ASIA EUROPE EEU EMRG BNK CEN M] me
[Interfax] |
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