Bankers working, and all the other lazy

Russian banks have earned 167 billion rublesProfits of Russian banks from January to April 2016 amounted to 167 billion rubles. This is stated in the Overview of the banking sector in Russia, published on the site controller. In the same period last year was a loss in the amount of 17 billion rubles.Provisions for losses increased since the beginning of the year by 3.4 percent (181 billion rubles), for the same period in 2015 - by 8.1 percent, or 328 billion rubles. In the first quarter of 2016, banks made a profit in the amount of 107 billion rubles.In early February, the first deputy chairman of Bank of Russia Alexei Simanovskiy predicted profit of the banking system by the end of 2016 at the level of 200-400 billion rubles.

The profit of banks fell three times, but remained in positive territory due to the big playersAt the same time, according to the statements of the Savings Bank of the Russian accounting standards (RAS) and its profit for the same period amounted to 142.3 billion rubles, an increase of almost three times compared to the same period last year.With regard to the net income before taxes, it was 179.9 billion rubles against 55.7 billion rubles in April last year.Expenses for the reserves in the first four months of 2016 rose to 113.1 billion rubles against 104 billion rubles a year earlier. The Bank establishes an allowance for possible losses based on the requirements of the Central Bank. At the moment they exceed the arrears by 2.1 times.According to Central Bank estimates, Russian banks have a reserve of free capital to 1.7 trillion rubles, which allows to increase lending to the economy.Following the results of 2015 the profit of the Russian banking system amounted to 192 billion rubles.