“The economy of Russia is in the face of deteriorating perspectives, which are more serious than it admits, and In the next 12 months there is a real risk of system crisis in the banking sector” – writes Bloomberg, citing Russian banking experts and classified documents.
The agency indicates that Russian banks are increasingly concerned about the level of bad debts (loans from which they are not able to recover money) in their balances. One of the reasons is extremely high interest rates (20 %). For comparison, the main rate in Poland is 5.25 percent.
A dangerous situation in Russia. Banks are afraid of crisis
Bloomberg's account shows that Current and former representatives of the banking sector describe the situation in Russia as dangerous and claim that there is a growing risk of spreading the debt crisis In the country's financial sector in the next year, if the situation does not improve.
See also: Sanctions cost Russia dearly. The expert gave the exact amounts
“Voltage in the banking system can raise wider questions about the ability of President Vladimir Putin to continue Russia's war in Ukraine, which has been going on for the fourth year, especially if Kiev allies from the USA and Europe impose more severe sanctions on the Russian financial sector,” reads.
The European Union is considering introducing new restrictions on subsequent Russian banks. The EC offers further sanctions for Russia. This is a blow to the key interests of the Kremlin.
Bloomberg's informants suggest that Bad debts reach billions of rubles And banks take steps to manage an increased risk, which leads to early signs of credit crisis. One of the forecasts showed that the portfolio of corporate loans of Russian banks in the first two months of 2025 decreased by 1.5 trillion of rubles ($ 19 billion).
