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(AFX UK Focus) 2010-03-03 18:18 Russia banks at risk from real-estate-backed loans (Interactive Investor) |
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MOSCOW, March 3 (Reuters) - Over two thirds of Russian loans are guaranteed by real estate, new research by Russia's top lender has shown, an imbalance analysts have warned is a huge risk for the banking sector if the economic situation worsens. Unlike Russian stocks, which rallied last year after a deep fall in 2008, real estate prices have lost 30-50 percent since peaking in 2007 and have yet ...
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