Losses of Russian banks in Ukraine reach $12.5 bln

Estimates of losses from the realization of direct and indirect risks of Russian banks in Ukraine are growing, ITAR-TASS has reported, citing Kommersant.
According to the newspaper, major banks reported a new scale of problems at the government level, a conservative estimate – $25 billion, and a realistic estimate – $12.5 billion.
“Realistic” losses could be compensated for through the conversion of state support received by the banks in the last crisis, but in this case Russian banks will have no capital reserves to increase lending, reads the report.
Estimates of the total size of losses of Russian banks in Ukraine were given at a closed meeting held last Monday in the office of Prime Minister Dmitry Medvedev with the participation of major banks, the newspaper reported, citing several sources in the banking market.

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