Banking Sector’s Financial Performance in January-July 2021: Profit Growth

Финансовые результаты банковского сектора в январе-июле 2021 г.: увеличение прибыли

Zubov Sergey
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Zubov Sergey: Russian Presidential Academy of National Economy and Public Administration

Russian Economic Development, 2021, issue 9, 49-52

Abstract: In January-July 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 intermediary services on the financial market had a positive impact on the consolidated financial result.

Keywords: Russian banking sector; banks’ financial results; banks’ profit; banks’ profitability (search for similar items in EconPapers)
JEL-codes: D81 E58 G21 (search for similar items in EconPapers)
Date: 2021
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