The Credit Bank of Moscow (MKB), the eighth-largest bank in Russia by assets, reported that its problematic corporate loans reached 671 ₽ billion as of June 30, 2026. This amount is equivalent to approximately $8 billion and accounts for more than 27% of the bank's total corporate lending portfolio.
This ratio significantly exceeds the average for the Russian banking sector, which ranged between 10.4% and 11% in early 2026. The bank's financial report, released on September 10, 2026, highlights that the primary sources of credit stress are companies in the construction, metals, and coal mining industries.
The Central Bank of Russia classifies MKB as a systemically important institution. Analysts note that high benchmark interest rates, maintained to curb inflation, have complicated debt servicing for capital-intensive borrowers. Concerns persist regarding the adequacy of the bank's reserves against potential defaults.
Market observers suggest that official figures on problematic loans may understate the actual level of stress, as some issues are masked by loan restructuring. Given the bank's limited access to international capital markets, any potential need to raise capital presents significant challenges for the institution.
