The profit of banks of the Russian Federation in 2017 decreased by 15% to 790 billion rubles
. The profit of Russian banks in 2017 decreased by 15% compared to 2016, to 790 billion rubles, said the Bank of Russia in the review of the development dynamics of the banking sector.
“For 2017, the profit of the banking sector amounted to 790 billion rubles (in 2016 930 billion). The number of profitable credit institutions prevails: profit of 1.6 trillion rubles showed 420 credit institutions, a loss of $ 772 billion 140 credit organizations”, – stated in the message.
Lending to companies grew by 3.7% of the population – at 13.2% and the total volume of credits to economy increased by 6.2%.
“In 2017 assets of the banking sector increased by 9.0%, loans to economy by 6.2%, including lending to non – financial institutions-3.7%. Continued growth of loans to individuals with a significant reduction in the volume of overdue debt. While maintaining stability at the end of last year, the banking sector is on a trajectory of growth”, – the report says CB.
Household deposits in Russian banks last year increased by 10.7%.
“There were positive developments in terms of funding: the deposits of the population grew by 10.7% (in 2016, the increase was 11.8%), deposits and funds on accounts of organizations – 4.8% (in 2016, declining 1.7%)”, – stated in the materials of the regulator.
At the same time in December the deposits of the population increased by 4.3% to 26 trillion rubles.