ANOSINO (Moscow Region), February 27. /TASS/. Russian banks’ profit by the end of this year is expected to almost reach last year’s level and to amount to around 3-3.5 trillion rubles ($34-40 bln), Central Bank Governor Elvira Nabiullina said.
"Despite those challenges, the banking sector remains stable and profitable. According to our revised forecast, banks’ profit this year will be less than last year but comparable - from 3 trillion to 3.5 trillion rubles. This will allow increasing banks’ capital and, consequently, support business loans. We project business loans to rise by 6-11% this year," she said.
Capital adequacy of banks is "the cornerstone of financial stability and safeguard of depositors’ funds," Nabiullina added.
The Bank of Russia expected the banking sector’s profit at 2.7-3.2 trillion rubles ($29-35 bln) in its forecast for 2025. In 2024, the sector earned 3.8 trillion rubles ($38.7 bln).