Russia’s banking sector profit reaches over $15.88 bln in first half of 2019
In January-June 2018 the profit amounted to $10.07 bln
MOSCOW, July 17. /TASS/. Profit of the Russian banking sector in the first half of 2019 exceeded 1 trillion rubles ($15.88 bln), the Central Bank said on Wednesday.
"Net profit of the banking sector for the first half of 2019 amounted to 1,005 trillion rubles ($15.88 bln) against 634 bln rubles ($10.07 bln) in January-June 2018," the regulator said.
Assets of the Russian banking sector
The assets of the Russian banking sector as of July 1 amounted to 92.5 trillion rubles ($1.47 trillion), retaining an upward trend in June (+0.2%). At the same time, the June growth was lower compared to the May figures due to a decline of foreign currency assets, the Central Bank explained. Meanwhile, the profitability of assets in the banking sector in the first half of the year increased from 1.5 to 1.9%.