Sponsored Content
Russia: Banks At Risk Of Losing Billions
People ♦
Published: March 14, 2013; 19:22 ♦ (Vindobona)

Sponsored Content
According to rating agency Moody’s, Russians banking institutes are at risk of losing money to investments in Cyprus.

Up to $ 20bn is at stake in case credits for Cyprian enterprises are going burst, Moody’s predicts. On Wednesday, Moody’s experts stated that in all probablility, Russian banks and enterprises are prone for losses running into billions. At the end of 2012, Russian banks granted credits to Cyprian companies as high as $ 30bn up to $ 40bn. Furthermore there are deposits in banking…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Related News
Mixed Outlook for Russia (March 4, 2013)
Russia: Consumer Loans Growing Substantially (February 13, 2013)
Russia: National Bank Under Pressure (February 9, 2013)
Russia´s Budget Deficit Higher than Expected (December 20, 2012)
Austria to Expand Relations with Cyprus (June 4, 2012)
Sponsored Content
Read More
Featured