Page 84 - RusRPTJul21

8.0 Financial & capital markets 8.1 Bank sector overview
Russian banks are earning their best profits in five years and have already accumulated almost RUB1 trillion ($13.5bn) over the first five months of this year -- well ahead of the result in both 2020 and 2019.
Russian banks raised corporate lending by 1.1% on the month in May, while retail lending increased by 2.2%.
Corporate deposits with Russian banks grew by 2.4% in the period, while retail deposits fell by 1.5%, the volume in retail deposits has doubled since the start of the year.
In general the sector looks very solid with capital adequacy at 12.6%, strong liquidity and falling level of non performing loans.
84 RUSSIA Country Report July 2021 www.intellinews.com