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Vedomosti: Russian banks’ profits fell by 20% year-on-year
The profit of Russian banks in January increased month-on-month by one and a half times, to 286 billion rubles from 187 billion in December, according to analytics published by the Central Bank of the Russian Federation .
At the same time, as Vedomosti reminds us, in January 2024, domestic credit organizations earned 352 billion rubles. Thus, year-on-year, the indicator has sharply decreased , falling by 20 percent.
In December, according to data for which the net profit of Russian banks showed growth, it fell almost threefold due to losses from the negative revaluation of the currency due to the strengthening of the ruble, while in November, on the contrary, banks made money on operations.
The regulator also noted that in January there was a moderate outflow of funds from the population, amounting to 0.8 percent, or 0.5 trillion rubles, after plus 7.2 percent (3.9 trillion) in December. The Central Bank called this dynamic typical for the pre- and post-holiday period, when citizens first deposit funds from bonuses and advance social payments into accounts, and then “withdraw part of the funds and generally spend a lot due to the long holidays.”
Earlier it became known that the profit of Russian banks in 2024 will be a record for the second year in a row.
https://lenta.ru/news/2025/02/25/pribyl-rossiyskih-bankov-rezko-sokratilas
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