This content is from:APP亚博娱乐

Russia: Aggregate Banking Profit Grows By 50% Y/Y To US$8.78 Billion In November

According to CBR data, aggregate banking profit increased by 50% year-on-year in November to RUR252.3 billion (US$8.8 billion), compared to RUR225.3 billion (US$7.9 billion) in October.

    According to CBR data, aggregate banking profit increased by 50% year-on-year in November to RUR252.3 billion (US$8.8 billion), compared to RUR225.3 billion (US$7.9 billion) in October. Monthly profit soared by 206.5% y/y in November to almost RUR27 billion (US$938.7 million), compared to a mere 3.9% y/y increase posted in October, when the indicator amounted to RUR17.74 billion (US$622 million).

    Total assets grew by 36.8% y/y in November and amounted to RUR9.4 trillion (US$326.9 billion). In month-on-month terms the indicator went up by 4.4% in November, compared to an inch up of 0.8% posted in October. November witnessed an increase in lending, as loans to non-banks were up by 2.6% m/m and loans to individuals advanced by 5.7% m/m, compared to 3.3% and 6.5% respectively, posted in October. Investment in securities inched up by 0.6% m/m in November, compared to a fall of 1.9% m/m witnessed in October. Banks' liabilities went up by 4.6% m/m in November and amounted to RUR8.1 trillion (US$283.3 billion), compared to an inch up of 0.6% in October. Client deposits made up 3.3% m/m and 41.8% y/y. The figures show that the banking sector experienced steady expansion in November.

    Banking Sector Performance

    Nov 04

    Oct 05

    Nov 05

    RUR bn

    % y/y

    %m/m

    RUR bn

    % y/y

    % m/m

    RUR bn

    % y/y

    % m/m

    TOTAL ASSETS, o/w:

    6,865.6

    26.2

    4.1

    8,999.1

    36.5

    0.8

    9,391.6

    36.8

    4.4

    Loans to non-banks

    3,120.5

    35.0

    3.3

    4,035.1

    33.6

    3.3

    4,141.3

    32.7

    2.6

    Loans to individuals

    573.3

    103.4

    5.1

    1,037.6

    90.3

    6.5

    1,096.8

    91.3

    5.7

    Investment in securities

    1,144.7

    6.2

    -1.1

    1,432.9

    23.8

    -1.9

    1,441.5

    25.9

    0.6

    TOTAL LIABILITIES, o/w:

    5,879.9

    26.6

    4.6

    7,781.1

    38.4

    0.6

    8,138.7

    38.4

    4.6

    Client Deposits, o/w:

    3,924.1

    35.5

    4.5

    5,390.2

    43.5

    0.9

    5,565.5

    41.8

    3.3

    Individual deposits

    1,918.3

    30.5

    2.2

    2,557.4

    36.2

    1.5

    2,635.1

    37.4

    3.0

    OWN FUNDS, o/w:

    985.7

    24.0

    1.5

    1,218.0

    25.4

    1.8

    1,252.9

    27.1

    2.9

    Profit for the current year

    168.23

    44.2

    5.5

    225.30

    41.3

    8.5

    252.27

    50.0

    12.0

    Monthly profit

    8.80

    38.9

    -48.4

    17.74

    3.9

    -48.0

    26.97

    206.5

    52.0

    Source: CBR, IntelliNews

    Related Content