The population is poorer, the banks are getting fat: the credit organizations recorded a record profit
Russians themselves carry their money in them
Revenues of Russian banks reached a historic high by the end of the first half of 2017. The profit of the banking sector exceeded 750 billion rubles - this amount was not even in pre-crisis times. This was reported in the information and analytical material of the Bank of Russia 'Financial Review'.
As follows from the review of the Central Bank, the profit was achieved by reducing the cost of reserves, from which the financial losses of banks are compensated, which was previously much hindered by the increase in bank profits. These costs were reduced to 300 billion rubles, which is almost a quarter less than a year earlier and half as much as in the crisis years 2014 and 2015. The report notes that another reason for the 'successful harvest' in the banks was the restoration of domestic demand among consumers and the growth of real wages, which allowed borrowers to pay more regularly for credit obligations.
Russians themselves carry their money in them
Revenues of Russian banks reached a historic high by the end of the first half of 2017. The profit of the banking sector exceeded 750 billion rubles - this amount was not even in pre-crisis times. This was reported in the information and analytical material of the Bank of Russia 'Financial Review'.
As follows from the review of the Central Bank, the profit was achieved by reducing the cost of reserves, from which the financial losses of banks are compensated, which was previously much hindered by the increase in bank profits. These costs were reduced to 300 billion rubles, which is almost a quarter less than a year earlier and half as much as in the crisis years 2014 and 2015. The report notes that another reason for the 'successful harvest' in the banks was the restoration of domestic demand among consumers and the growth of real wages, which allowed borrowers to pay more regularly for credit obligations.
