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View Full Version : Russia Banks’ Bad Loans May Reach $70 Billion as Crisis Deepens - Bloomberg



NewsWhore
04-09-2009, 03:20 AM
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Russia Banks’ Bad Loans May Reach $70 Billion as Crisis Deepens (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da4zThUFpjMOY%26refer%3Dhome&cid=1329717365&ei=HaPdSe3sBZuoM8b5sasN&usg=AFQjCNGE0TiTUQsOgQzKUs0ThO4fWx8eMQ)
Bloomberg
The ruble’s 35 percent slump against the dollar between August and January of this year spurred Russia to drain $210 billion from the world’s third-largest foreign-currency reserves to slow the devaluation. Sberbank tumbled 84 percent and VTB sank 83 ...


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