Russian banks in the first half got the 770 billion rubles of profit


Moscow. July 13. INTERFAX.RU – Russian banks in the first half of 2017 received a profit of 770 billion rubles compared to 360 billion roubles over the same period in 2016, the Chairman of the Central Bank Elvira Nabiullina at the International financial Congress.

“The profit of the banking sector in six months reached 770 billion rubles, which is twice more than in the same period last year. It is a source of growth capital for the banking system”, – said Nabiullina.

She noted that in June and continued growth in assets and in credit to the economy. “Markedly increased loans to individuals growing at an important rate mortgage. Deposits also showed an increase. Characteristically, the share of deposits in liabilities of the Bank exceeded the share of corporate funding,” – said the Chairman of the Central Bank.

According to her, at the end of the first half of the banking sector assets increased by 2.2% with the purification from the effects of the exchange rate, credit to the economy grew by 1.8%. “We see that stabiliziruemost and begins to decline the share of overdue debt. Banking sector profit for the six months reached 770 billion rubles, which is twice more than in the same period last year. It is a source of growth capital for the banking system,” – said Nabiullina.

“These trends show that the banking system is recovering, already ramping up lending and will expand it in the future”, – said the head of the Central Bank.

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