Russian banks will need $22 billion for recapitalization - Fitch

In response to the persisting problem of bad quality of assets in the banking sector of Russia, the international rating agency “Fitch Ratings” published its expectations on Russian banks’ need for recapitalization. According to the agency’s basic scenario, the industry will need additional inflows for the value 674 billion rubles (≈22 billion USD); pessimistic scenario will require additional 1 trillion and 880 billion rubles (≈60 billion USD).