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Russia's War Against Ukraine

Wall Street Journal: Russia’s Sberbank profit slumps on jump in bad-loan provisions

By Wall Street Journal.
People walk past Sberbank's headquarters in Moscow on September 19, 2012.
Photo by AFP PHOTO / ANDREY SMIRNOV

MOSCOW -- Russia's Sberbank, the country's biggest lender, has reported a 25% slump in third-quarter net profit on rising provisions for bad loans as the bank felt the impact of the crisis in Ukraine, Russia's economic stagnation and a weak ruble. 

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