Nordea to stop lending to Russian private customers

April 9, 2015 8:59 AM

61 0

STOCKHOLM, April 9 (Reuters) - Nordea, the Nordic region's biggest bank, has decided to stop lending to private Russian customers as risk is too high, the company said on Thursday.

Lower oil prices and sanctions over its actions in Ukraine are pushing Russia into recession and frustrating thousands of Western firms with business there.

Also read: Trump: FBI too busy with Russia to stop school shooter

Read more

To category page