Banks' correspondent accounts with CBR rise 11.8%

MOSCOW, August 1 (RIA Novosti) – Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 480.8 billion rubles ($18.8 billion at the current exchange rates) at the beginning of the business day, up 11.8% from Tuesday, the CBR said Wednesday.

RIA Novosti // Aug. 01, 2007 - 06:02 GMT