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Credit Suisse says it has $914m in Russia exposure
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Credit Suisse said its net loan exposure to Russia of CHF848m ($914m) is "is not significant", as large European lenders have played down the impact of the countries invasion of Ukraine on their business.
In an update in its annual report published on 10 March, the Swiss bank outlined $914m in credit lines across the country and a further $210m in assets related to its operations in Russia. Unlike UBS, which unveiled $10m in exposure to individuals sanctioned by western nations in the wake of the war, Credit Suisse said that...
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