Russia's Trust Bank recovers 230 bln rbls in bad assets in 2018

Reuters - 02-12

MOSCOW, Feb 12 (Reuters) - Russia’s Trust Bank recovered 230 billion roubles ($3.51 billion) in bad assets last year, the head of the lender said on Tuesday. Trust Bank was a part of one of the three major banking groups bailed out by the central bank since 2017. The banks were since then split to ‘good’ and ‘bad’ ones, with Trust becoming a ‘bad’ assets bank.