Russia’s banking sector struggling with mounting bad loans – CCD In the first quarter of 2025, Russian banks allocated about $2.7 billion — equivalent to $25 million per day — to cover bad loans. This was reported on Telegram by Ukraine’s Center for Countering Disinformation (CCD) under the National Security and Defense Council. “According to the Central Bank of Russia, in Q1 2025, the risk of loan defaults in the retail lending sector rose to 3.6%, well above the normal level of 2%. This indicates a decline in loan quality, particularly in the consumer sector, where overdue debts are rapidly increasing,” the statement said. The CCD emphasized that Russian banks are being forced to increase reserves to cover these bad loans. In total, they spent 215 billion rubles ($2.7 billion) in the first three months of 2025, averaging nearly 2 billion rubles ($25 million) per day. This reflects growing difficulties among Russians in repaying debts accumulated during the credit boom of 2023–early 2024.