Russian banks need $40 bln in capital

June 01 2009 17:15:53

Russian banks need $40 bln in capital

Agence France-Presse

In a report on the Russian banking sector, Moody's said that the current level of non-performing loans in Russia was 11 percent of banks' total porfolio but by the end of the year could reach 20 percent. It said the total sum of state aid for Russian banks in capital injections so far amounted to $23.6 billion.

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