Page 62 - bne IntelliNews Russia Country report May 2017
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8.1.1 Earnings
Russian banks are returning to profitability. The sector as a whole made over RUB200bn of profits in May, but Sberbank still accounts for the lion’s share.
8.1.2 Loans
April’s statistics positively surprised on the corporate lending side: as opposed to March, when the nominal loan book continued to contract in m/m terms, April saw a recovery in both ruble-denominated and forex-denominated loans. Cleaned from the forex affect, the corporate loan book is down 4.1% y/y in April after bottoming at a 6.6% y/y contraction in February.
62 RUSSIA Country Report May 2017 www.intellinews.com
