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Business / Finance

Banks are increasing profits

News 14.03.2017 at 10:14

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In February, banks continued to increase profits in January–February of 2017 financial result reached 212 billion, which is 2.5 times higher than in the same period last year, reported the press service of the Central Bank of the Russian Federation.

the Assets of the banking sector declined in February 2017 1.3%, but adjusted for the strengthening of the ruble decline was a symbolic 0.2%. The volume of loans to individuals, by contrast, grew by 0.2% (excluding the impact of currency revaluation – 0.3%).

saw an influx of deposits (+1.1 percent with the elimination of the impact of currency revaluation) against the background of reduction of volume of deposits and funds on accounts of organizations 1.7% (0.1% adjusted for the strengthening of the ruble).