Page 81 - RusRPTSept21

8.1.1 Earnings
The sector's net profit in July amounted to RUB229bn (return on assets was 25% in annual terms), which is 13% higher than the result in June (RUB204bn). The profit growth was influenced, among other things, by the restoration of reserves in connection with the assignment of bad debts.
The number of profitable banks increased over the month to 249 from 237, while the share of banks in assets sectors, profitable in seven months of 2021, remains at the level of 98%. More than 85% of the profits were received by systemically important credit institutions.
81 RUSSIA Country Report September 2021 www.intellinews.com