Profit of Russian banks in 2015 fell three times

Moscow. On 25 January. Profit of Russian banks for the year 2015 has decreased threefold compared with the figure for 2014 – to 192 billion with 589 billion rubles, the statistics of the banking sector on the Central Bank’s website.

The main cause of falling profits become reserves for possible losses on loans, which increased last year by 33.4%, or 1.4 trillion roubles (for the similar period of 2014 – by 42.2%, or 1.2 trillion rubles).

The volume of household deposits in Russian banks in 2015 has increased by 25.2% and amounted to 23.2 trillion rubles. Taking into account currency revaluation the increase was 16.8%. In December the volume of deposits of the population grew by 8%, taking into account currency revaluation by 5.1%.

The volume of deposits and funds on accounts of organizations in 2015 has increased by 15.6% and reached to 27.1 trillion. The December growth rate, excluding currency revaluation amounted to 8.8%, taking into account the revaluation of 3.9%.

Russian banks in 2015 has increased the portfolio of loans to non-financial institutions 12.7% (adjusted for currency revaluation – 2.5%), loans to individuals decreased by 5.7% (adjusted for revaluation, the decrease was 6.3%).