Lower Expectations for Recoveries for Russia’s Trust Bank

Posted on 02/26/2019

Russia has marked to market the amount it expects to recover from Trust Bank, a “bad bank” used to bail out Otkritie, B&N, and Promsvyazbank. Trust Bank required US$ 30 billion for the task, and the Central Bank of Russia had hoped to see half of that returned. It has come to light that the […]

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