Banking Sector’s Financial Performance in 2021

Финансовые результаты банковского сектора в 2021 г

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

Russian Economic Development, 2022, issue 2, 41-44

Abstract: In 2021, the profit of the banking sector hit a record Rb2.4 trillion. The achievement of this high indicator was influenced by several factors: the aggressive banks’ policy in the credit market; reduction of provisioning costs due to a low share of overdue loans; growth of commission income on intermediary operations. An increase in the Central Bank key rate led to higher funding costs and a negative revaluation of part of investments in the securities market, which slowed down profit growth in Q4.

Keywords: Russian banking sector; banks’ financial results; banks’ profit; banks’ profitability; Bank of Russia (search for similar items in EconPapers)
JEL-codes: D81 E58 G21 (search for similar items in EconPapers)
Date: 2022
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