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South Korea vows to support credit cooperative hit by withdrawals

South Korean authorities pledged on Thursday to ensure liquidity at a local credit cooperative that has seen one of its branches hit by customer withdrawals after media reports about a rise in non-performing loans related to real estate projects.

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South-korea
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Kyonggi-do
South-korean
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Han-chang-seob
Ed-davies
Reuters

Russia's Sberbank CEO says rouble not at optimal level, needs to strengthen

German Gref, CEO of Russia's dominant lender Sberbank, on Thursday said the rouble was not at an optimal level and needed to strengthen, the RIA news agency cited him as saying.

Moscow
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Russia
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Reuters
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Asia-pacific

UPDATE 1-ECB's Enria wants euro zone banks out of Russia faster

The European Central Bank wants lenders to speed up their exit from Russia given the increased reputational, legal and financial risk of doing business there, supervisory chief Andrea Enria said on Tuesday.

Russia
Hungary
Russian
Jan-harvey
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Andrea-enria
Tom-sims
Johann-strobl
Reuters
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Austria-raiffeisen-bank-international

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