Page 71 - RusRPTOct21

8.1.1 Earnings
The sector's net profit in August amounted to RUB244bn with a return on capital of 26% in annual terms. The profits were 7% more than the July result RUB229bn.
Over the first eight months of this year bank sector profit amounted to RUB1.7 trillion. If the current rate of growth in profits is maintained then the annual profits could reach a record RUB2.5 trillion, according to the Central Bank of Russia (CBR).
The number of profitable banks increased in August to 259 from 249 a month before, while the share of profitable banks in the first eight months of 2021 remains at the level of 98%, the CBR said. About 85% of the profits were received by systemically important credit institutions.
71 RUSSIA Country Report October 2021 www.intellinews.com