Russian Banks Have Discussed Seeking Bailouts Within Next Year
Russia's central bank, in Moscow.
Source: Bloomberg
Top executives at some of Russia’s biggest banks have privately discussed seeking a state-funded bailout if the level of bad loans on their books continues to worsen over the next year.
At least three lenders identified as systemically important by the Bank of Russia have considered the possibility that they may need to be recapitalized in the next 12 months, according to current and former officials and documents reviewed by Bloomberg News.