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Banking Sector’s Financial Performance in January-July 2021: Profit Growth

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.

In January-July 2021, the banking sector’s profit hit the record-high of Rb1.4 trillion on the back of a pickup in lending volumes and simultaneous reduction in loan-loss provisions. Growth in revenues from commission operations owing to increased income from settlement and cash services and intermediary services on the financial market had a positive impact on the consolidated financial result.

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

JEL-codes: D81, E58, G21.