Template-type: ReDIF-Article 1.0
Author-Name: Zubov Sergey 
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Financial Results of the Banking Sector in Q1 2021
Title: Финансовые результаты банковского сектора в первом квартале 2021 г.
Abstract: In Q1 2021, banks formed reserves in advance in the required amount. Therefore, there was no sharp decline in profits owing to the gradual abolition of easing in terms of the formation of reserves for large corporate loans. Nevertheless, compared to 2020, we should expect a slight deterioration in the bank profitability. The reason is a possible reduction in the credit supply amidst growing credit risks and a decrease in income from currency revaluation due to the strengthening of the ruble.
Keywords: Russian banking sector, banks’ financial results, banks’ profit, banks’ profitability
Classification-JEL: D81, E58, G21
Journal: Russian Economic Developments
Year: 2021
Issue: 5
Month: May
Pages: 32-35
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2154.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2154