The profit of Russian banks by the end of 2016 to exceed the previous forecast of 500 billion rubles. This was stated by the Chairman of the Central Bank Elvira Nabiullina in the Chinese city of Chengdu on Monday, July 25, reports TASS.
According to her, based on the performance in the first half, the previous mark is too conservative. Nabiullina added that banks have over the years led a fairly conservative policy, but the profit sector is not restored due to the insufficient creation of reserves.
In the first half of the year, Russian banks earned 360 billion rubles. For comparison, the entire profit for last year amounted to 192 billion.
The head of Sberbank German Gref in June predicted that the profit of the banking sector in Russia this year may reach 700-800 billion rubles. To facilitate this, he said, will be to reduce contributions to reserves in the current year compared to last year.
