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Bank Runs Begin In Ukraine As Russia’s Largest Bank Halts Lending

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Zero Hedge
February 21, 2014

Six months ago a “glitch” halted all ATM withdrawals, and Credit and Debit card transactions for Russia’s largest bank but today, the CEO of the huge bank has no such “glitch” to blame:

  • *SBERBANK SEES RUN ON ITS BANK MACHINES IN UKRAINE, GREF SAYS
  • *UKRAINE SITUATION IS PRESSURING RUBLE: SBERBANK CEO GREF
  • *SBERBANK HALTS LENDING IN UKRAINE, GREF SAYS

We suspect that whether an agreement is in place or not, this will continue.

Bank Runs Begin In Ukraine As Russias Largest Bank Halts Lending 20140221 sberbank 0

This article was posted: Friday, February 21, 2014 at 12:35 pm





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