The net profit of the banking sector in 2021 increased by almost 50%

AK&M 28 January 2022 15:17

Russian banks in 2021 received a net profit of 2.4 trillion rubles (return on capital of 21.1%), which is almost 50% more than in 2020. This is evidenced by the materials of the Bank of Russia.

The growth of the indicator was mainly facilitated by an increase in business volumes and, accordingly, net interest and commission income by 15% and 20%, as well as low spending on reserves after banks reserved a lot in 2020, when the pandemic situation was extremely uncertain, the regulator emphasizes.

The share of profitable banks last year was 98%, their number is more than 300. More than 85% of the profit for 2021 was received by systemically significant credit organizations.