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Sberbank Drops as S&P Says Russian Lenders at Risk

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OAO Sberbank, the lender targeted by international sanctions, fell after Standard & Poor’s said Russia’s banks are the most vulnerable to tighter credit conditions in emerging markets as growth slows and they face financing restrictions.

The state-controlled bank’s London-traded shares dropped 0.7 percent to $6.66. The American depositary receipts fell 0.7 percent to $6.67 in New York yesterday, pushing the decline this month to 11 percent. OAO VTB Group, Russia’s second-biggest lender, slipped 0.5 percent to $1.88 in London.