The net profit of the banking sector in August increased by 7%

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AK&M 21 September 2021 13:14

The net profit of the banking sector in August amounted to 244 billion rubles (return on capital - 26% in annual terms). This is 7% more than the result of July. For eight months, the profit reached 1.7 trillion rubles. If the current growth rates are maintained, the annual profit may reach a record 2.5 trillion rubles, according to the Bank of Russia's review

The number of profitable banks in August increased to 259 from 249, while the share of banks in the assets of the sector17, profitable for the first eight months of 2021, remains at the level of 98%. About 85% of the profit was received by systemically significant credit organizations (NWCS).