The net profit of the Russian banking sector for the first nine months of 2023 reached 2.7 trillion rubles. Of which 600 billion rubles are benefits from currency revaluation. The return on capital of Russian banks in September amounted to 26% in annual terms.
The Russian banking sector received 2.7 trillion rubles of net profit during the nine months of 2023, the Central Bank reported.
Of the 2.7 trillion rubles in profits, banks made about 600 billion rubles thanks to the currency revaluation. At the same time, in September, profits from this item decreased significantly compared to August: from 106 billion rubles to 8 billion rubles.
In September, the number of banks making profits decreased by 4% compared to August: 81% (263 banks) compared to 77% (248 banks). According to data from the Central Bank, as of September 87% of Russian banks own shares in 99% of the assets of the entire banking sector.
This year, the Central Bank has repeatedly changed its forecast for the total annual profit of Russian banks. In March, the regulator expected a figure of more than 1 trillion rubles; at the end of September, he overestimated expectations by up to 3 trillion rubles.
Sberbank previously reported a net profit of 999 billion rubles for the period from January to August 2023.
Author:
Kirill Bilyk
Source: RB
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