According to INTERFAX.RU, the Russian Banks in 2017 obtained the profit, amounting to 790 bln rubles, which is by 15% less than the result of 2016, according to RF CB materials.
“Meanwhile, the number of profitable loan organizations prevails: the profit, amounting to 1.6 trln showed 420 loan organizations, the loss, amounting to 772 bln rubles – 140 loan organizations”, the regulator noted.
According to CB materials, with the adequate risk assessment by loan organizations, the balance on the accounts of provisions for possible losses increased by 26.9% for 2017 – up to 6.9 trln rubles. The increase for December – 3.9%.
“The significant increase of provisions is partly predetermined by the fact of single creation of additional provisions for possible losses from the non-performing loans in the banks, which underwent the financial recovery procedure within the new mechanism by using the funds of the Banking Sector Consolidation Fund”, CB explains.
