Page 97 - RusRPTJan21

8.1.1​ Earnings
The sector's profit amounted to RUB149bn. (return on equity (ROE) - about 18% in the year), which is slightly lower than the October result, mainly due to the negative currency revaluation amid strengthening of the ruble. For 11 months, the sector's profit amounted to RUB1.4 trillion (ROE - 16% in annual terms).
The number of profitable banks in November fell to 235 (63.3% of the total), whereas in October there were 247. The share of bank assets19 profitable for all 11 months 2020, remained stable (98%).
Sources of the sector's own funds in November increased by 191bn rubles, to 10.5 trillion rubles, which is higher than the earned profit (149bn rubles) due to the positive revaluation of prices bonds through other comprehensive income (+49bn rubles), mainly OFZ, amid a decrease the yield curve.
97 ​RUSSIA Country Report​ January 2021 ​ ​www.intellinews.com