— This year, the banking sector is expect greece telegram data to see record net profit. This was also influenc by the one-time factor of currency revaluation. Are there fundamental reasons for such success this year or were the banks lucky, and next year could be much worse?
— The main reasons for the profit growth are fundamental, although there were also one-off reasons, such as exchange rate revaluation. Over 11 months, banks earn a profit of 3.2 trillion rubles, and about 500 billion rubles of this is a plus from currency revaluation. Let me remind you that last year they had a minus of 1 trillion rubles from currency revaluation. But the main thing, of course, is fundamental factors.
Banks will remain profitable
And the most fundamental factor – and this was a surprise for many – is how quickly the economy has adapt to the sanctions, how quickly it is growing. Of course, this means more business for banks. Look at the numbers: corporate lending, if we take the beginning of December, has grown by 21% year-on-year, mortgages – by 35%, consumer lending – by 16%, and bank commission income has grown by 38%. That is, this is economic development, business development.
Evaluate the profit of the banking
system, it is very important to look at the total profit for two years. Last year, the banks’ profit was 200 billion rubles, it fell almost tenfold. In the your email address enter your email address economy as a whole, it fell by about 10%. Why did this happen? Because banks were quite conservative – and this was correct – in creating reserves. They creat reserves, expecting that some loans would stop being servic, that a large part of companies could get into a difficult situation. But since ao lists the economy is growing, loans are being servic, and banks assess borrowers as sufficiently solvent, they have been disbursing these reserves this year.