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flag Russian banks face financial strain as bad loans surge, cutting net profits by 65%.

flag Russian banks are grappling with a rise in bad loans, leading to a 65% drop in net profits last year and raising concerns about financial stability. flag Despite the central bank lowering benchmark rates to ease financial pressures, high interest rates have increased non-performing loans, causing stress for businesses and households trying to refinance debts. flag Sberbank's CEO warned of declining loan quality, and analysts predict ongoing difficulties due to the high-interest environment.

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