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Home > Bank Runs Begin In Ukraine As Russia's Largest Bank Halts Lending

Bank Runs Begin In Ukraine As Russia's Largest Bank Halts Lending

By Tyler Durden
Created 02/21/2014 - 08:14
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 02/21/2014 08:14 -0500



 

Six months ago a "glitch" halted all ATM withdrawals, and Credit and Debit card transactions [3] for Russia's largest bank but today, the CEO of the huge bank has no such "glitch" to blame:

  • *SBERBANK SEES RUN ON ITS BANK MACHINES IN UKRAINE, GREF SAYS
  • *UKRAINE SITUATION IS PRESSURING RUBLE: SBERBANK CEO GREF
  • *SBERBANK HALTS LENDING IN UKRAINE, GREF SAYS

We suspect that whether an agreement is in place or not, this will continue.

 

 

[4]

 

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Source URL: http://www.zerohedge.com/news/2014-02-21/bank-runs-begin-ukraine-russia-largst-bank-halts-lending

Links:
[1] http://www.zerohedge.com/users/tyler-durden
[2] http://www.zerohedge.com/taxonomy_vtn/term/11710
[3] http://www.zerohedge.com/news/rbs-glitch-goes-airborne-biggest-russian-bank-halts-all-credit-debit-card-operations
[4] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/02-overflow/20140221_sberbank.png