Banks in Russia in the second half of 2022 began to make a profit. This became known on Thursday, September 22.
However, according to the head of the department of banking regulation and analytics of the Central Bank of the Russian Federation Alexander Danilov, it is difficult to talk about a positive financial result at the end of the year, informs Prime. “The overall loss is shrinking. But, to be honest, it’s hard to say that we will go into plus now. I think that it would be overly optimistic,” Danilov said.
Earlier it became known that for the first time in seven years, the Russian banking sector against the backdrop of Western sanctions and the crisis showed losses. According to the results of the first half of 2022, the country’s financial institutions lost 1.5 trillion rubles. The biggest banks took the brunt. More than 66% of the total loss was brought by operations that were associated with foreign currency.