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GeoBITs

Dakota Cary
Apr 11, 2023
∙ Paid
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GeoBITs

intel.ks.group

Russia & Europe

Economy

Major Russian banks Alfa-Bank and VTB reported losses totaling over $9 billion for 2022—the first time the country’s major financial institutions posted losses since 2009, in the wake of the global financial crisis. This news follows last month’s announcement by the largest state-owned bank, Sberbank, of an 80% drop in net profits …

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