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38 banks are on the verge of default in Russia
Despite the high bank health index, 38 financial institutions in Russia are at risk of losing their licenses. This could happen this year.
According to the Expert RA agency, at the end of 2019, Russian banks reached the highest banking sector health index in recent years - 90%. But, despite this, 38 financial institutions remain at high risk and may lose their license. Last year, writes RIA News, 28 banks lost their licenses, and in 2018 - 57.
At the same time, about half of banks (42,8%) in January reduced their own funds. The level of arrears increased from 5,2% to 5,3%.