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.