The Central Bank: banks ‘ profits in 2016 could be up to 400 billion rubles

TULA, 2 Feb.Prime. Profit of the Russian banking sector in 2016 could range from 200 to 400 billion rubles, told journalists the first Deputy Chairman of the CBR Alexey Simanovsky.

“We are quite cautious in their assessments. I predict that a profit can range from 200 to 400 billion rubles. I think the range you are unlikely to surprise due to the fact that the situation is very volatile. Some clear, understandable and simple there is no trend,” said Simanovsky.

According to the Central Bank, the profit of Russian banks in 2015 fell three times compared to the previous year to 192 billion rubles to 589 billion rubles.