Sviaz-Bank Drew in 8 bn Rubles in Budget & Off-Budget Funds
OREANDA-NEWS. December 16, 2013. Last November, Sviaz-Bank accepted in deposit 8 billion rubles of budget and off-budget funds by participating in public auctions held by government agencies.
The Bank entered into agreements on budget funds to be accepted on deposit with the Federal Treasury, the Russian Pension Fund, and the Finance Board in St. Petersburg, among others.
Similar agreements had been signed previously with the Russian Federation’s Social Insurance Fund, the Federal Fund for Promotion of Housing Construction, the Federal Obligatory Medical Insurance Fund and its regional organizations, the Infrastructural and Educational Programs Fund, the finance ministries of the republics of Bashkortostan and Komi, Sverdlovsk and Orenburg regions, and the Treasury of Krasnoyarsk Territory.
In the medium term, the Bank is studying a possibility of broader cooperation with other government agencies for accepting their uncommitted budget funds on deposit.