Sberbank Gets $5.8Bln Central Bank Loan to Ease Liquidity Squeeze | News | The Moscow Times:
"Sberbank, Russia's largest bank, has received a 200 billion ruble ($5.8 billion) loan from the Central Bank at a time when the government is trying to give domestic banks more capacity to lend to help to reverse an economic slowdown.
Sberbank chief executive German Gref said last month that Russian banks were experiencing a liquidity squeeze due to fallout from the Ukraine crisis, which has complicated Russian firms' access to capital markets.
State-owned Sberbank received the subordinated loan in June and will use it to finance ongoing operations, the bank said in a statement this week that accompanied its half-year results based on Russian accounting standards."
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