MOSCOW, June 26 (Reuters) - Russia's largest lender, state controlled Sberbank , made provisions for bad loans exceeding 7 percent of its portfolio, while 3 percent have already gone sour, its chief executive said on Friday. "The volume of non-performing loans as of June 15 was about 3 percent. Provisions rose above the 7 percent mark," Chief Executive German Gref told a news conference. "The rate of NPL growth is slowing. But we can't say for now whether it is a trend or whether there ...
Premium Content (PAID Subscription Required)
"Sberbank provisions hit 7 percent in June-CEO" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.