Russia’s largest state banks face surging defaults and deteriorating loan portfolios
Russia’s largest state banks, Sberbank and VTB, are battling a sharp deterioration in loan quality and surging defaults, forcing both giants to heavily increase their credit loss reserves, Ukraine’s Foreign Intelligence Service (SZRU) reported on August 6.
We haven't written up this one. New Voice of Ukraine has the full story — the link below goes straight to it.
