Page 58 - RusRPTJan22

annum terms) from RUB231bn in October, including due to negative foreign exchange revaluation.
In addition, the financial result for October was overstated due to the restoration of reserves in connection with the settlement of the Bank's distressed assets of non-core assets.
The number of profitable banks decreased over the month to 234 from 248, however, following the results of 11 months the share of profitable banks in the sector's assets18 did not change and amounted to 98%.
More than 85% of profit for 11 months of 2021 was received by systemically important credit institutions.
58 RUSSIA Country Report January 2022 www.intellinews.com