MOSCOW, 4 may. /TASS/. The Bank of Russia in 2017 received a loss of $ 435,3 billion 43.7 billion profit a year earlier, the report of the regulator.
Interest income for the reporting period fell by 20.6% to 282 billion rubles. Total assets increased by 6.6 per cent to 30.8 trillion rubles against 28.9 trillion rubles by the end of 2016.
“Amid falling interest rates the Bank of Russia significantly, compared with the previous year, decreased interest income of the Bank of Russia with a simultaneous increase in interest expense on operations to absorb liquidity in terms of its structural surplus” – explain in Bank.
In addition, in connection with the carrying out of measures on increase of financial stability of credit institutions and changes in the structure of assets of the Central Bank increased provisioning.
“These factors, as well as the transfer by the Bank of Russia in accordance with the Federal law in 2017 income received from participation in the capital of Sberbank by the end of 2016, the Federal budget is largely determined by the negative financial result of activity of Bank of Russia (against positive financial results in 2016),” – said in the report.
It is noted that in 2017, the Central Bank received 67,8 billion roubles of dividends from the savings Bank. The total amount of income from participation in capital of credit and other organizations was 70.9 billion rubles as against 24.3 billion in 2016.
In the reporting period, the Central Bank also imposed restrictions on carrying out separate operations in respect of 28 banks, has applied penalties to 247 credit institutions and restrict the exercise of individual operations 135 banks.
In addition, the Central Bank announced a ban on opening of branches to 41 credit institutions and revoked the license of 51, which is almost twice less than in 2015 and 2016. A large part of the credit institutions (31 of 51), licenses of which were revoked in 2017, registered in the Moscow region, the report points out.