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Financial Performance of the Banking Sector for the Three Quarters of 2021

Sergey A. Zubov – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences, Associate Professor (Moscow, Russia). Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

The profit of the banking sector for the three quarters of 2021 hit a record Rb 1.87 trillion. The rapid growth of lending to the population, reduction in the cost of reserve creation due to the low share of outstanding loans, the stock market growth and the development of intermediary operations that bring fee-based income have affected the high profit indicator.

Key words: Russian banking sector, banks’ financial results, banks’ profit, banks’ profitability.

JEL-codes: D81, E58, G21.