Iceland Central Bank Receives 4 Billion Euro Loan From Russia
Oct. 7 (Bloomberg) -- Russia agreed to lend Iceland's central bank 4 billion euros ($5.43 billion) to inject liquidity into the financial system, the bank said.
The loan will run over three to four years and cost as much as 50 basis points, or 0.5 of a percentage point, more than Libor.
Russia's central bank declined to comment immediately.
Iceland's Financial Supervisory Authority said today that it had taken control of Landsbanki Islands hf, the country's second-largest lender. Kaupthing Bank hf, the largest bank, said the central bank had agreed to lend it 500 million euros.
Центробанк РФ занимает центробанку Исландии 4 миллиарда евро на 3-4 года по Либор+0,5%
С чего бы такая благотворительность банкротам?
The loan will run over three to four years and cost as much as 50 basis points, or 0.5 of a percentage point, more than Libor.
Russia's central bank declined to comment immediately.
Iceland's Financial Supervisory Authority said today that it had taken control of Landsbanki Islands hf, the country's second-largest lender. Kaupthing Bank hf, the largest bank, said the central bank had agreed to lend it 500 million euros.
Центробанк РФ занимает центробанку Исландии 4 миллиарда евро на 3-4 года по Либор+0,5%
С чего бы такая благотворительность банкротам?