In Q1 2021, banks formed reserves in advance in the required amount. Therefore, there was no sharp decline in profits owing to the gradual abolition of easing in terms of the formation of reserves for large corporate loans. Nevertheless, compared to 2020, we should expect a slight deterioration...

A slight reduction in the total number of banking credit institutions was accompanied by consolidation of the banking sector. 2022 saw an increase in assets, (information on equity and profit is not published). Due to the rapid recovery of the economy, total assets of credit institutions last...

Due to the epidemiological situation, the structure and dynamics of financial performance in the banking sector have experienced changes. Amid declining margins, instability of financial markets and the unstable position of borrowers, the Russian credit institutions were forced to significantly...

As of end 2020, there were 406 credit institutions in Russia against 442 a year earlier. Over the year, the number of operating credit institutions decreased by 36 (in 2019 – by 42). At the end of the year, he number of banks with a universal license came to 248 (at the beginning of the year...

The provision of assets by the banking sector in 2019 remained rather squared. Given the fact that economic subjects kept confidence in the banking sector, the lending institutions went on a resource base binge by using traditional tools—taking household and corporate funds on deposits....

Return on assets of the Russian banks at 2019-end has significantly increased despite a slide in bank margin and slowdown of lending growth rates. This fact was due to both credit risk mitigation and putting in operation of a new procedure for loan loss accounting. In 2019 as a whole, bank...

At 2019-end, Russian banking sector numbered 442 lending institutions. Over the year the number of operational lending institutions decreased by 42 (in 2018 – down by 77). Seven years ago in early 2013 the number of operational institutions exceeded one thousand (1094). Consequently, the...

In 2021, the profit of the banking sector hit a record Rb2.4 trillion. The achievement of this high indicator was influenced by several factors: the aggressive banks’ policy in the credit market; reduction of provisioning costs due to a low share of overdue loans; growth of commission income...

The profit of the banking sector for the three quarters of 2021 hit a record Rb 1.87 trillion. The rapid growth of lending to the population, reduction in the cost of reserve creation due to the low share of outstanding loans, the stock market growth and the development of intermediary...

In January-August 2021, the banking sector’s profit hit the record-high of Rb1.4 trillion on the back of a pickup in lending volumes and simultaneous reduction in loan-loss provisions. Growth in revenues from commission operations owing to increased income from settlement and cash services and...