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Story summary
- Credit Bank of Moscow (MKB) reported a net loss of 9 billion rubles in Q4 2025, the first among Russia's top 10 banks by assets to post a quarterly loss.
- For 2025, the bank earned 21.1 billion rubles in net profit, down one-third from 2024, as overdue loans rose 700% to 668 billion rubles (28% of the portfolio).
- A Central Bank audit identified the issues and prompted a management change.
