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Article: Daily Headline News for November 3, 2009.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- November 3, 2009
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Daily Headline News for November 3, 2009
Digest of headline news as of 3:30 p.m. Moscow time on November 3: BUSINESS & FINANCE *** DEPOSIT INSURANCE FUND RISES 51% IN 10 MTHS TO 93.1 BLN RUBLES - ASV
The mandatory deposit insurance fund amounted to 93.1 billion rubles as of November 1, 2009, the deputy head of the Russian Deposit Insurance Agency (ASV) Andrei Melnikov, told Interfax.
That is 51% higher than the fund's total of 61.676 billion rubles as of January 1, 2009.
"For the second quarter in a row the fund exceeds it pre-crisis level and has set a new all-time high. I am confident that this will be a permanent trend: the fund ...