Russian banking profits could exceed 1 trillion roubles in 2023, says c.bank
FILE PHOTO: People walk past the Central Bank headquarters in Moscow, Russia February 11, 2019. REUTERS/Maxim Shemetov/File Photo
Russian banks' profits could exceed 1 trillion roubles ($14.42 billion) in 2023, Alexander Danilov, director of the central bank's banking regulation and analytics department, said on Friday.
Russian banks' profits slumped around 90% to just 203 billion roubles ($2.93 billion) in 2022, the central bank said on Friday, with sweeping Western sanctions on Russia's financial system and an outflow of depositors sorely hampering lenders' prospects.
($1 = 69.3500 roubles)
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