In 2019, Russian Banks Increased Profits by 1.7 Times
OREANDA-NEWS. The net profit of Russian banks in 2019 increased by 1.7 times compared to 2018 and amounted to 1.7 trillion roubles (about 27 billion US dollars). It follows from a review of the Central Bank of Russia “On the Development of the Banking Sector of the Russian Federation in 2019”. Pre-tax profit last year amounted to 2 trillion roubles. At the end of the year, assets reached 96.6 trillion roubles. Thus, this figure increased by 5.2 %.
In December 2019, the banking sector got net profit of 129 billion roubles and pre-tax profit of 166 billion roubles.
The Central Bank notes that 372 credit organizations demonstrated a positive financial result before taxation. It is 84 % of all credit entities operating as of January 1, 2020.