Financial Results of the Banking Sector in Q1 2021

Финансовые результаты банковского сектора в первом квартале 2021 г

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

Russian Economic Development, 2021, issue 5, 32-35

Abstract: In Q1 2021, banks formed reserves in advance in the required amount. Therefore, there was no sharp decline in profits owing to the gradual abolition of easing in terms of the formation of reserves for large corporate loans. Nevertheless, compared to 2020, we should expect a slight deterioration in the bank profitability. The reason is a possible reduction in the credit supply amidst growing credit risks and a decrease in income from currency revaluation due to the strengthening of the ruble.

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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