Russian cbank to lend $1.9 bln to rescue Trust Bank

MOSCOW Fri Dec 26, 2014 3:04am EST

MOSCOW Dec 26 (Reuters) - Russia's central bank will provide a 99 billion roubles ($1.9 billion) 10-year loan to mid-sized Trust Bank to help it avert bankruptcy, in Russia's first bailout this year amid a steep devaluation of the rouble.

The central bank said in a statement it will also provide a 28 billion roubles, 6-year loan to bank Otkritie which will oversee the rescue mission for Trust. (Reporting by Vladimir Soldatkin)

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