Russia's largest bank, Sberbank, is warning that companies' ability to repay loans is deteriorating at an accelerating pace. High interest rates and a slowing economy are increasing non-performing loans and forcing banks to set aside more money to cover potential loan losses.
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Russia's largest bank, Sberbank, is warning that companies' ability to repay loans is deteriorating at an accelerating pace. High interest rates and a slowing economy are increasing non-performing loans and forcing banks to set aside more money to cover potential loan losses.