OREANDA-NEWS. October 24, 2008. FundServiceBank and the Central Bank of Russian Federation have signed the General credit agreement on uncollateralled loans from central Bank to FundServiceBank, reported the press-centre of FundServiceBank.

The agreement was made under the Central Bank Directive No. 323-P “On unsecured loan agreements by Bank of Russia with the Russian credit organizations" announced on Friday, October 17, 2008.

According to this directive, the Central Bank established ratings requirements for banks that seek unsecured loans to ease access to liquidity: banks must be rated at least B minus by Fitch Ratings and Standard & Poor's, or B3 by Moody's Investors Service to apply for the CBRF loans.

A total of 120 Russian banks qualify for the auction. FundServiceBank was included in this pool entitled to draw from the Central Bank unsecured loans in aggregate sum proportional to their capital.

As of 01.10.2008, FundServiceBank’s capital totalled RUR 2,154,216,000 according to RAS.