Russia's Bad Loans Explode - Joe Blogs

[TexasTowelie]

Russia’s bad-debt crisis is now impossible to ignore. New data from the Bank of Russia shows 10.4 trillion rubles of “problem loans” — potentially $130 billion of bad debt piling up in the banking system.

At the same time, 24.1% of Russian companies now have overdue loans, corporate debt has hit record levels, and interest rates near 20% are crushing businesses across the country. With multiple key industries losing money, banks are being forced to restructure loans just to keep companies alive.

In this video I break down:
– The 10.4 trillion-ruble problem loan mountain
– Why bad debts are rising so quickly
– Which sectors are most at risk
– Why bank capital buffers may not be enough
– What could trigger a full-scale banking crisis in Russia
– What to watch over the next 6–12 months

Russia’s credit system is creaking — and this could become the country’s biggest financial crisis since 1998.

Chapters:
0:00 Intro
2:16 NON PERFORMING LOANS
5:31 INTEREST COSTS
6:58 BANKS
9:55 SUMMARY & CONCLUSION