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8.1.1 Earnings
8.1.2 Loans
66 RUSSIA Country Report February 2017 www.intellinews.com
In 2016, the Russian banking system showed a rapid increase in the net profit to 1.1% of the average asset figure from 0.4% in 2015 due to a one-time dismissal of reserves against possible losses on corporate loans by some largest banks. Excluding the factor, return on assets would have reached only 0.8% given the banks’ combined net profit of about RUB654bn and a loss in December 2016, ACRA said.
Mortgages are still on a roll: Russia’s mortgage lending rose 27% in 2016 to RUB1.47 trillion in 2016 and remains by far the largest and fastest growing type
