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Russian central bank to lend $1.9 billion to rescue Trust Bank

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December 26
4:53 AM 2014

Russia's central bank will provide a 99 billion rubles ($1.9 billion) 10-year loan to mid-sized Trust Bank to help it avert bankruptcy, in Russia's first bailout this year amid a steep devaluation of the rouble.

The central bank said in a statement it will also provide a 28 billion rubles, 6-year loan to bank Otkritie which will oversee the rescue mission for Trust.

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