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Banking Profit in Q1 2018

Michael Khromov – Head of Department for Financial Studies of the Gaidar Institute; Senior Research fellow of the Center of Structural Research, Institute for Applied Economic Studies, Russian Presidential Academy of National Economy and Public Administration. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Banking profit in early 2018 remained at the level of the previous year. Herewith, notable decrease in net banking operating income due to interest rates reduction was offset by no losses incurred from currency revaluation. The reason was in termination of the national currency appreciation.

Key words: Russian banking sector, banking profit, structure of banking profit.