Bank of Russia forecasts profits in national banking sector

Business & Economy March 13, 21:30

The portfolio of corporate loans is expected to grow by 6-11% in 2024 and by 8-13% in 2025 for banks

MOSCOW, March 13. /TASS/. The Bank of Russia expects net profits in the banking sector to stay at 2.3-2.8 trillion rubles ($25.2-30.6 bln) in 2024 and 2.6-3.1 trillion rubles ($28.5-33.9 bln) as of the end of 2025, the regulator said.

Funds of corporate clients will grow by 7-12% in 2024 and by 8-13% in 2025. Households’ money is forecast to increase by 8-13% in 2024 and by 10-15% in 2025.

The portfolio of corporate loans is expected to grow by 6-11% in 2024 and by 8-13% in 2025 for banks. The housing loans portfolio is forecast to grow by 7-12% in 2024 and by 10-15% in 2025. Other retail loans will move up by 3-8% and 6-11% accordingly.

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