Contact us (+ 7 (921) 446-25-10)
Texting is available for authorized users.
Please register or log in at the website.
Your request for online training is sent. Cbonds managers will be in touch with you shortly. Thank you!

Russian banking system’s profits expected to near $17.29 billion in 2017 - Central Bank - TASS

October 12, 2017 | TASS

Profits of the Russian banking system in 2017 may near one trillion rubles ($17.29 billion), even minus losses triggered by financial rehabilitation of a number of banks, deputy governor of the Russian Central Bank Vasily Pozdyshev said on Thursday in an interview with the Rossiya-24 television channel.

According to Pozdyshev, the figure as such is just a statistics element as it is important to see which credit organizations account for it. "Profits will go on generating as they did elsewhere except those banks where we have decided to recognize losses," he explained.

"I think we may count on profits nearing one trillion [rubles] or maybe even more, even with losses at banks that are undergoing financial rehabilitation," he noted.

On Wednesday, the Russian Central Bank released statistics demonstrating a decrease in profits of Russian banks from 997 billion rubles (17.23 billion US dollars) in January-August 2017 to 675 billion rubles (11.64 billion US dollars) in January-September, 2017. According to the Central Bank, the decrease stems from one-time recognition of negative financial standing of the banking groups in the process of financial rehabilitation.

Company: Bank of Russia

Nombre completo de la empresaCentral Bank of Russian Federation
Country of riskRussia
País de registroRussia


Similar news:
150 000
issues: local and international bonds
+7 812 336 97 21
150 000
issues: local and international bonds
Сbonds is a global Fixed income data platform
+7 812 336 97 21
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Mapas de bonos
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access