Moscow Credit Bank’s Overdue Loans Hit $3.27 Billion as Bad-Debt Ratio Reaches 14.8%
Updated
Updated · The Moscow Times · Aug 19
Moscow Credit Bank’s Overdue Loans Hit $3.27 Billion as Bad-Debt Ratio Reaches 14.8%
2 articles · Updated · The Moscow Times · Aug 19
Summary
277 billion rubles in overdue loans had piled up at Moscow Credit Bank by July, leaving missed payments equal to 14.8% of its loan book—about five times the Russian banking sector average.
The deterioration has been rapid: overdue debt jumped 1,716% from a year earlier, rising from 15 billion rubles last August to 160 billion by December and another 117 billion rubles through July.
High interest rates and a slowing economy are squeezing borrowers, with Russia’s central bank saying metals, coal, construction and real estate companies have recently sought loan restructurings.
MKB, one of Russia’s 10 largest banks and deemed systemically important, had already faced scrutiny after a central bank inspection last year and a management shake-up; its controlling owner changed in summer 2026 without disclosure.
The bank’s stress fits a wider pattern: Russia’s central bank says 36 trillion rubles in loans may face debt-servicing trouble, while problem loans across the system reached 11.6% of total lending.