There is a certain problem related to the fact singapore telegram data that many of our companies have indeed switched to receiving export revenue in rubles. And this is positive. And when they are now forced to convert this ruble part of the revenue into currency in order to sell it later, this increases the turnover of the currency market, but this simply means additional costs, commissions for converting this currency for companies. Fundamentally, this does not affect the exchange rate.
-Yes, for business. For some additional expenses
— Are any adjustments to the decree expected in connection with this?
— Rather, it is the government’s responsibility.
Banks will remain profitable
— This year, the banking sector is expected to see record net profit. This was also influenced 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 earned a profit of 3.2 trillion rubles, and about 500 billion rubles of this is a plus from you can select employee groups 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.
And the most fundamental factor
and this was a surprise for many – is how quickly the economy has adapted 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 america email income has grown by 38%. That is, this is economic development, business development.