MOSCOW, April 8 (Reuters) - Russia's government is not reacting quickly enough to the problem of soaring bad loans, the head of Russia's largest lender, state-controlled Sberbank SBER03.MM told a conference on Wednesday.
“Slow action (by the government) allows the banks to hide bad debts and leads to accumulation of bad assets,” said German Gref.
“The issue of bad debts is the key and most painful for the government during the second stage of the crisis,” he added. (Reporting by Yelena Fabrichnaya, writing by Dmitry Zhdannikov; editing by Toni Vorobyova)
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