NBB provides banks with Br549.29m at credit auction
<p> MINSK, Aug 28 - PrimePress. The National Bank of Belarus (NBB) provided banks with Br549.29 million ($206.4 million at the exchange rate of the National Bank) at credit auction No.735 held on August 28, 2020 for a period of five days, the National Bank reports on its website. </p> <p> </p> <p> 34 bids of 8 banks with rates from 7.75% to 20% per annum for a total of Br1.335 billion ($501.7 million) were received for the auction. </p> <p> </p> <p> The weighted average rate was set at 18.57% per annum; the hurdle rate – 16.1% per annum. End (Br2.6612/$1) </p>
2020-08-29
Primepress
MINSK, Aug 28 - PrimePress. The National Bank of Belarus (NBB) provided banks with Br549.29 million ($206.4 million at the exchange rate of the National Bank) at credit auction No.735 held on August 28, 2020 for a period of five days, the National Bank reports on its website.
34 bids of 8 banks with rates from 7.75% to 20% per annum for a total of Br1.335 billion ($501.7 million) were received for the auction.
The weighted average rate was set at 18.57% per annum; the hurdle rate – 16.1% per annum. End (Br2.6612/$1)