The profit of Russian banks jumped seven times
The profit of Russian banks in January-August 2016 has increased seven times compared to the same period last year — up to 532 billion rubles. This was reported in the review of the Bank of Russia. In the first eight months of last year, domestic credit institutions received an income of 76 billion rubles.
In August, the deposits in banks in annual terms decreased by 0.5 per cent to 23.4 billion. Corporate lending in August fell 0.9 percent, the volume of credits to individuals grew 0.7 percent.
14 September the international rating Agency Fitch announced that in 2013-2015, the Russian government spent on the support and the cleaning of the banking sector of about 3.3 trillion rubles, or four percent of GDP. Fitch urged to trust the actions of the Bank of Russia for the sake of economic growth.
A day earlier, the head of the Central Bank Elvira Nabiullina at the meeting with President of Russia Vladimir Putin told about a sharp increase in profit of Russian banks. "This profit is the source of not "eating away", and the source of capital, and this capital will help to increase lending to the economy", — said the Chairman of the Central Bank.
The profit of Russian banks in January-August 2016 has increased seven times compared to the same period last year — up to 532 billion rubles. This was reported in the review of the Bank of Russia. In the first eight months of last year, domestic credit institutions received an income of 76 billion rubles.
In August, the deposits in banks in annual terms decreased by 0.5 per cent to 23.4 billion. Corporate lending in August fell 0.9 percent, the volume of credits to individuals grew 0.7 percent.
14 September the international rating Agency Fitch announced that in 2013-2015, the Russian government spent on the support and the cleaning of the banking sector of about 3.3 trillion rubles, or four percent of GDP. Fitch urged to trust the actions of the Bank of Russia for the sake of economic growth.
A day earlier, the head of the Central Bank Elvira Nabiullina at the meeting with President of Russia Vladimir Putin told about a sharp increase in profit of Russian banks. "This profit is the source of not "eating away", and the source of capital, and this capital will help to increase lending to the economy", — said the Chairman of the Central Bank.
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