The Russian banking sector… What does its movement look like?

Last December, Russian banks tripled their profits compared to the same month of the previous year, thanks to which the sector was able to compensate for the loss of the first half and achieve profits in 2022.

The following are the most prominent 3 figures in the report of the Central Bank of Russia on the performance of the banking sector in the year 2022:

– Last December, Russian banks achieved profits amounting to 342 billion rubles, compared to 111 billion rubles in the same month a year ago.

– In December 2022 a record volume of mortgages was issued and at the end of the year the mortgage portfolio grew by 20.4%.

– Banks in Russia compensated for the loss of 1.5 trillion rubles they received in the first half of the year and made a profit of 203 billion rubles. (Prime)

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