The banking sector has earned 2.7 trillion rubles since the beginning of the year – Kommersant
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For 9 months of 2023, the Russian banking sector received a net profit of 2.7 trillion rubles. In September, the net profit of credit institutions amounted to 296 billion rubles. (return on capital – 26% in annual terms), follows from the September report of the Central Bank “On the development of the banking sector of the Russian Federation” (.pdf).
The regulator’s report notes that 0.6 trillion rubles. of the earned 2.7 trillion rubles. was due to currency revaluation. The sector’s profit in September decreased by 16% compared to the August result of 353 billion rubles. The Central Bank explains this by a reduction in income from currency revaluation (from 106 billion rubles in August to 8 billion rubles in September).
According to the Central Bank, the number of profitable banks decreased compared to August from 81% (263 banks) to 77% (248 banks). As of September 2023, 282 banks (87%) have shares of 99% in the assets of the sector.
In March of this year, the Central Bank expected annual profits to exceed 1 trillion rubles. On September 29, the head of the Central Bank, Elvira Nabiullina, predicted bank profits in 2023 at 3 million rubles. The head of the financial analytics center of Sberbank, Mikhail Matovnikov, in a conversation with Kommersant, said that the annual result was 3 trillion rubles. can already be considered a conservative forecast.
Read more in the Kommersant article. “Banks have triple trillions”.
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