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8.1.1 Earnings
In February, banks’ profit totalled RUB 98bn vs. RUB 50bn a year ago. For the first two months of the year, profit increased to RUB 212bn, from RUB 82bn in 2mo16, mainly on lower provision charges as asset quality stabilised. Meanwhile, the rebound in retail loan growth, that became more notable, is likely to support banks’ revenues in the coming months.
66 RUSSIA Country Report April 2017 www.intellinews.com
