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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 |
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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 |