Russian banks need $40 bln in capital

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Russian banks need $40 bln in capital
Oluşturulma Tarihi: Haziran 02, 2009 00:00

MOSCOW - Russian banks need $40 billion of extra capital in 2009 as their bad loans rise to 20 percent of their portfolio, ratings agency Moody's said on Monday.

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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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