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Revenue of Russian banks totals almost $2 bln in January

February 14, 2017, 13:33 UTC+3
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MOSCOW, January 14. /TASS/. Revenue of Russian banks in January 2017 increased more than 3.5-fold against January 2016 and totaled 114 bln rubles ($1.9 bln), according to the Russian Central Bank.

"In January 2017 credit organizations received revenues of 114 bln rubles ($1.9 bln), in January 2016 the figure totaled 32 bln rubles ($554.88 mln). Reserves for possible losses in January increased by 1.7% or 93 bln rubles ($1.6 bln), in January 2016 - by 1.8% or 98 bln rubles ($1.7 bln)," the regulator said.

At the end of 2016, total revenue of the Russian credit organizations increased almost 5-fold and amounted to 930 bln rubles ($16.13 bln).

Central Bank Governor Elvira Nabiullina told TASS earlier that credit organizations in the current year might allocate a significant share of their profits to replenish capital.

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