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8.0 Financial & capital markets 8.1 Bank sector overview
Go here for pdf newsletter: https://www.cbr.ru/analytics/bank_sector/develop/
Go here for google sheet:
https://docs.google.com/spreadsheets/d/1V0FZ8vH0cnI2NR9evYlZ3Qna8-rdVuT-dAviU5DxEJI/ edit#gid=1927749636
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8.1.1 Earnings
In August, the sector's net profit amounted to 353 billion rubles, with a return on equity of approximately 32% on an annual basis. This represents an 8% increase compared to July, which saw a profit of 327 billion rubles. Since the beginning of the year, the sector has earned 2.4 trillion rubles, matching the result for the entire year in 2021.
Income from the revaluation of foreign currency continued to be a significant driver of profit growth, totaling 104 billion rubles in August (compared to 90
83 RUSSIA Country Report October 2023 www.intellinews.com
