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# Credit Bank of Moscow classifies $8 billion of corporate loans as problematic
- URL: https://www.theglobalbanker.com/credit-bank-of-moscow-classified-8-billion-of-corporate-loans-as-problematic/
- Published: 2026-09-10T17:08:20.000Z
- Updated: 2026-10-02T01:11:56.000Z
- Description: Credit Bank of Moscow disclosed that 671 billion rubles, or more than 27% of its corporate loan portfolio, was classified as problematic at the end of June, a 28% increase over six months.
- Author: TGB Editorial Team
- Tags: Banking News, Europe

Credit Bank of Moscow PJSC, a lender designated systemically important by the Bank of Russia, has classified 671 billion rubles ($8 billion) of its corporate loan book as problematic as of the end of June, according to the bank's first-half financial results, as reported by Bloomberg on Thursday. The figure represents more than 27% of the bank's total corporate loan portfolio. The volume of such exposures rose by 28% during the first half of 2026 alone, indicating a marked deterioration in asset quality over a six-month period. 

The deterioration follows a prolonged period of elevated borrowing costs in Russia, which have squeezed capital-intensive corporate borrowers across the economy. The bank's difficulties have been building since at least 2025 against a backdrop of slowing growth, and reflect the compounding effect of aggressive lending expansion in prior years combined with a concentrated borrower base. Credit Bank of Moscow is among Russia's 10 largest lenders and is designated systemically important by the Bank of Russia.

#### CONCENTRATION IN CAPITAL-INTENSIVE SECTORS

The bank's exposure is weighted toward borrowers in sectors that have absorbed the heaviest pressure from high interest rates and weakening demand. Coal mining, machine building and retail feature among the industries where the lender's corporate concentration is significant, and each has faced worsening financial conditions as funding costs remained elevated. 

Rosneft could serve as a potential source of capital for the bank should additional support prove necessary, according to people familiar with the matter cited by Bloomberg. Separately, the Bank of Russia retains the capacity to provide support given the lender's systemic designation.

#### SYSTEM-WIDE ASSET QUALITY PRESSURE

The bank's ratio stands well above the aggregate for the Russian banking system. Bank of Russia data show the share of problem corporate loans across the sector at approximately 12% at the end of June, up from 11.2% a year earlier. The share of high-risk restructurings over the same period increased from 3.5% to 4.9%. On both metrics the direction of travel is negative, though the system-wide numbers remain far below the concentration reported at Credit Bank of Moscow.

Separately, 286.4 billion rubles (nearly $3.4 billion) was withdrawn from Russian banks during the first two weeks of August, according to reporting by The Washington Post.