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Russian Banks Brace for Crisis: $2.7 Billion in Defaults

6/18/2025

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Summary

Story summary

In the first quarter of 2025, Russian banks faced a challenging landscape, setting aside $2.7 billion for bad loans as defaults surged to 3.6%. With new loans dropping by 1.4% and profits plummeting by nearly a third, the Center for Countering Disinformation foresees a grim year ahead, filled with potential bankruptcies across the nation.

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Story summary

In the first quarter of 2025, Russian banks faced a challenging landscape, setting aside $2.7 billion for bad loans as defaults surged to 3.6%. With new loans dropping by 1.4% and profits plummeting by nearly a third, the Center for Countering Disinformation foresees a grim year ahead, filled with potential bankruptcies across the nation.