Russia’s banking sector was able to make up for the losses in the first half of 2022 and achieve a profit of 203 billion rubles, according to the Central Bank report. A year earlier, the sector earned 2.4 trillion rubles.

In 2022, the net profit of the banking sector in the Russian Federation fell by almost 92%

It should be noted that in December last year, banks recorded a profit of 342 billion rubles, which allowed the sector to become profitable. The Central Bank associates the December figures, among other things, with the revaluation of the currency against the background of the weakening of the ruble.

Last month, as a result of budgetary spending, the business loan portfolio showed an increase of 2.1% (a month earlier an increase of 1% was estimated). At the same time, annual growth was 14.3% versus 11.7% in 2021.

Regarding mortgage credit, the portfolio grew by 3.3% in December and annual growth was 20%. Such results “taking into account all the circumstances” are estimated by the Bank of Russia as high. The increase in 2021 was 30%.

At the same time, in the field of consumer loans, the gap with the 2021 indicators turned out to be many times more significant. If in 2021 growth was estimated at 20.1%, in 2022 it was only 3%. According to the Central Bank, this is due to the stricter policy of the banks “during the periods of greatest instability in spring and autumn.”

The annual increase in citizen funds in banks amounted to 6.9% compared to 5.7% in 2021.

The Central Bank believes that in 2023 banks will be able to earn more than 1 trillion rubles. According to Alexander Danilov, director of the Bank of Russia’s banking regulation and analysis department, “if there are no new shocks,” we can expect higher figures by the end of the year.

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Natalia Gormaleva

Source: RB

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I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.


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