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Citibank Loans $100M

Citibank has presented a ruble-based loan worth the equivalent of $100 million to Rosselkhozbank, Citibank said in a statement. The funds will be available for one year and are slated for retail financing.

State-owned Rosselkhozbank was the fourth-biggest bank in Russia by assets at the end of the first half of this year, according to Interfax data. Citibank was the 19th-biggest.

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