Banks are kept for long positions

Banks are kept for long positions Interest to currency decreases slowly Rates of reduction of the open currency position (OCP) of the Russian banks (excess of currency assets over liabilities) were significantly slowed down. Decrease in OVP as a whole reduces potential losses of banks at fluctuation of an exchange rate. However it is favorable to some players to support her for the sake of the income due to ruble devaluation. Photo: Zhdanov Anatoly, newspaper "Kommersant" the Russian banks reduced long OVP from $13 billion to $11 billion by the beginning of October, follows from Central bank Russian Federation (Bank Russia) the review of financial stability for the second or third quarters...