For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 450,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 90 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

Russian banking system’s profits expected to near $17.29 billion in 2017 - Central Bank - TASS

October 12, 2017 TASS
Profits of the Russian banking system in 2017 may near one trillion rubles ($17.29 billion), even minus losses triggered by financial rehabilitation of a number of banks, deputy governor of the Russian Central Bank Vasily Pozdyshev said on Thursday in an interview with the Rossiya-24 television channel.

According to Pozdyshev, the figure as such is just a statistics element as it is important to see which credit organizations account for it. "Profits will go on generating as they did elsewhere except those banks where we have decided to recognize losses," he explained.

"I think we may count on profits nearing one trillion [rubles] or maybe even more, even with losses at banks that are undergoing financial rehabilitation," he noted.

On Wednesday, the Russian Central Bank released statistics demonstrating a decrease in profits of Russian banks from 997 billion rubles (17.23 billion US dollars) in January-August 2017 to 675 billion rubles (11.64 billion US dollars) in January-September, 2017. According to the Central Bank, the decrease stems from one-time recognition of negative financial standing of the banking groups in the process of financial rehabilitation.
Company — Bank of Russia
  • Full name
    Central Bank of Russian Federation
  • Registration country