Bank places cash funds of ZhKH

An auction for placement of free cash funds of the State Corporation “Fund for Assistance to Reformation of the Housing and Communal Services” (ZhKH) was held on August 28.

It resulted in placement of 20 billion rubles among nine banks. The auction was attended by 17 banks, and the demand exceeded the supply 4.5 times. The nine winners included Vozrozhdenie Bank, VTB, MDM-Bank, Alfa Bank, NOMOS-BANK, URSA Bank, Russian Standard Bank, ZENITH Bank and one bank from St. Petersburg – Bank Saint Petersburg.