Russian Banks More Than Doubled Repo Borrowing in Second Quarter

Russian lenders more than doubled the average amount borrowed via repurchase agreements with the central bank to 908.6 billion rubles ($28.1 billion) in the second quarter from 382.8 billion rubles in the previous three months, according to a report published on Bank Rossii’s website today.

To contact the reporters on this story: Artyom Danielyan in Moscow at adanielyan@bloomberg.net; Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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