Date: 4 weeks ago   Category: Finance

The profit of the banking sector of Russia grew more than by 1.5 times — Rambler News Service


The profit of the banking sector of Russia in January-May, 2019 grew by 1.6 times, or by 64.5%, in comparison with the same period of last year — up to 867 billion rubles, follows from the review of the Bank of Russia "About development of the banking sector of the Russian Federation". "The profit (net) of the banking sector for January-May, 2019 was 867 billion rubles (in January-May, 2018 – 527 billion rubles)" — it is said in the document. The Central Bank notes that in the banking sector profitable credit institutions still prevail. "For the first five months 2019 a profit of 943 billion rubles was shown by 350 credit institutions (75% of the number of the credit institutions operating on 01.06.2019), a loss of 76 billion rubles – 105 credit institutions (22%)" — are specified in the document. The regulator notes that the remained 3% fall on non-bank credit institutions and banks which licenses were revoked during the reporting period. The Central Bank also reports that the share of unprofitable credit institutions decreased in January-May of the current year to 22% from 32% in January-May, 2018.

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