The loss of the Russian banking sector for 10 months amounted to 0.4 trillion rubles

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AK&M 01 December 2022 18:46

The loss of the banking sector of the Russian Federation for 10 months of 2022 reached 0.4 trillion rubles. This is reported in the materials of the Bank of Russia.

The regulator emphasizes that by the end of 2023, the banking sector will remain stable in the event of continued sanctions pressure on the Russian economy and deterioration of the credit quality of borrowers.

Only some banks may need additional capitalization in case of stress. Its volume may amount to 0.7 trillion rubles on the forecast horizon. At the same time, the need for an increase in capital may be distributed over time or decrease, since banks are already taking active steps to replenish capital, the Central Bank reports.