The net profit of the Russian banking sector in the third quarter increased by 40% to 1.1 trillion rubles. This is reported in the materials of the Bank of Russia.
The growth in net profit was provided by non-core or volatile revenues. Foreign currency revenues increased by 297 billion rubles. In particular, the positive revaluation of the open currency position in the third quarter brought banks 197 billion rubles. with a decrease in the exchange rate of the ruble against the dollar and the euro by 7.5% and 10.7%. At the same time, in the second quarter, the banking sector suffered losses from negative revaluation by 83 billion rubles. with the ruble strengthening by 7.7% against the dollar and the euro.
The main profit decreased by 2% to 857 billion rubles. The financial result, taking into account other comprehensive loss (-258 billion rubles), consisting mainly of negative revaluation of securities, amounted to 822 billion rubles against 464 billion rubles. in the second quarter.
