£12bn Rus­sian bank blun­der

Sunday Sport - - NEWS -

THE al­most broke state of Cen­tral African Repub­lic briefly landed a wind­fall of £ 12BILLION af­ter a Rus­sian bank­ing er­ror.

The loan came to light in a quar­terly fi­nan­cial re­port pub­lished by the Rus­sian cen­tral bank.

In the ta­ble next to Cen­tral African Repub­lic was the equiv­a­lent sum of £ 12bn – more than six times the coun­try’s an­nual eco­nomic out­put.

But when asked about the data, the bank said the loan to the ex- French colony did not ex­ist.

“This is a case of an op­er­a­tional mis­take in the sys­tem when the coun­tries were be­ing coded,” the lender said.

The bank did not say who was re­spon­si­ble for the mis­take or how such a large fig­ure could have been pub­lished with­out be­ing spot­ted.

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