Due to the epidemiological situation, the structure and dynamics of financial performance in the banking sector have experienced changes. Amid declining margins, instability of financial markets and the unstable position of borrowers, the Russian credit institutions were forced to significantly...

In January-August 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...