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2023 best year ever for Russian banks – media ...News
The sector is expected to rake in $36 billion in profits by the end of Q4 The outgoing year is set to become the best in history for Russian banks, which saw their profits soar despite Western sanctions on the economy, the Vedomosti news outlet reported on Tuesday, citing central bank data. According to the report, the cumulative profit of the country’s banking sector has exceeded 3 trillion rubles ($32.7 billion) in the 11 months so far of 2023. By the end of the year, banks are expected to fetch 3.3 trillion rubles, a record high. All key banking operation areas have been growing rapidly: Lenders’ corporate loan
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