Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Russian Banks Incurred Losses
September 21, 2015 23:01


30 largest banks in Russia have incurred losses in the amount of 10.8 billion roubles from January to July. During the same period of last year the credit institutions showed a profit of 422.6 billion roubles. This is evidenced by the data of the Central Bank.

At the same time, 200 largest financial institutions have completed the seven months with a profit in the amount of 12.9 billion roubles, and the entire banking system - in the amount of 34.1 billion. The assets of the thirty largest banks, as of August 1, amounted to 58.6 trillion roubles (for all Russian banks - 74.8).

The banks have completed the first half of the year with a profit of 51 billion roubles. At the same time losses were recorded in some months (for example, in April - 20 billion roubles). On May 13 the First Deputy Prime Minister Igor Shuvalov stated that the domestic banking sector would not see profits in the near future.

The official added that the profits would begin to grow at the turn of 2015-2016. At the end of last year the profit of credit organizations in Russia decreased by 40.7 percent. It amounted to 589 billion roubles. The main reason for this was the increase in the bank reserves for possible losses.

The top-30 of Russian banks include Sberbank, VTB, VTB 24, Alfa Bank, The Bank of Moscow, Promsvyazbank, Raiffeisenbank, Otkrytie, Russian Standard, Uralsib and a series of other financial institutions.


Author: Anna Dorozhkina

Tags: Russian banks     

Next Previous

You might also find interesting:

Forbes: Magnit - the Most Innovative More Georgian Designers Influence Russian Fashion Market Russia Joins the Asian Infrastructure Investment Bank Rosselkhoznadzor is Concerned about the Quality of Products Supplied to Russian Social Institutions South Stream Turning Into Stumbling Block between Russia, EU

Comment on our site

RSS   twitter      submit

camping  IT  Sergey Revin  Mikhail Bulgakov  Soviet cartoons  Russian economy  Russian trade  SmartWatch  Russian designers  Russian Monuments  Russian Avant-Garde  Melting of Glaciers  Russian tourism  Non-Conformists  Russian figure skaters  Skomorokhi  protest actions  Russian Traditions  Russian sportsmen  Exhibitions in Moscow  Tourism cluster  Figure Skating  Euro-5  Presidential Research Projects Program  Tokarevsky Lighthouse  Solovki  synchrotron   Concerts in Moscow  Karlovy Vary  Central House of Artist  Russian startups  Russian Poetry  St. Petersburg  Skolkovo  Gold Eagle Award  iPhone 6  Rudolf Nureyev International Ballet Festival   Russian scientists  David Shterenberg  Space Exploration  Kremlin  Russian science  Bashneft  Moscow  Mercedes-Benz Fashion Week Russia  society  Festivals  Russian business  Tsaritsyno State museum  Russian Cinema 

Travel Blogs
Top Traveling Sites