Template-type: ReDIF-Article 1.0
Author-Name: Sergey A. Zubov
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Banking Sector’s Financial Performance in 2021
Title: Финансовые результаты банковского сектора в 2021 г.
Abstract: In 2021, the profit of the banking sector hit a record Rb2.4 trillion. The achievement of this high indicator was influenced by several factors: the aggressive banks’ policy in the credit market; reduction of provisioning costs due to a low share of overdue loans; growth of commission income on intermediary operations. An increase in the Central Bank key rate led to higher funding costs and a negative revaluation of part of investments in the securities market, which slowed down profit growth in Q4.
Keywords: Russian banking sector, banks’ financial results, banks’ profit, banks’ profitability, Bank of Russia
Classification-JEL: D81, E58, G21
Journal: Russian Economic Developments
Year: 2022
Issue: 2
Month: February
Pages: 41-44
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r2220.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r2220