The Bank of Russia: banking sector growth continues
In February banks continued to build-up profits: in January – February 2017 their financial result amounted to RUB 212 bln., which is 2,5 times as much as for the same period last year. The data comes from the Information and analytical materials “Review of the Banking Sector of the Russian Federation in February 2017” on the Bank of Russia website. According to the regulator, assets of the banking sector decreased by 1,3 percent in February 2017, however after Ruble strengthening adjustment the decrease was almost nothing – 0,2 percent. The amount of loans to individuals grew by 0,2 percent (excluding currency revaluation – by 0,3 percent). There is a deposit inflow from individuals while the amount of deposits from legal entities decreased by 1,7 percent.
This post is also available in Russian: ЦБ: рост прибыли банковского сектора продолжается