Financial Performance of the Banking Sector for the Three Quarters of 2021

Финансовые результаты банковского сектора за первые три квартала 2021 г

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

Russian Economic Development, 2021, issue 12, 50-53

Abstract: The profit of the banking sector for the three quarters of 2021 hit a record Rb 1.87 trillion. The rapid growth of lending to the population, reduction in the cost of reserve creation due to the low share of outstanding loans, the stock market growth and the development of intermediary operations that bring fee-based income have affected the high profit indicator.

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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