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Financial Results of the Banking Sector in Q1 2021
[Финансовые Результаты Банковского Сектора В Первом Квартале 2021 Г]

Author

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  • Zubov Sergey

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

In Q1 2021, banks formed reserves in advance in the required amount. Therefore, there was no sharp decline in profits owing to the gradual abolition of easing in terms of the formation of reserves for large corporate loans. Nevertheless, compared to 2020, we should expect a slight deterioration in the bank profitability. The reason is a possible reduction in the credit supply amidst growing credit risks and a decrease in income from currency revaluation due to the strengthening of the ruble.

Suggested Citation

  • Zubov Sergey, 2021. "Financial Results of the Banking Sector in Q1 2021 [Финансовые Результаты Банковского Сектора В Первом Квартале 2021 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 32-35, May.
    • Handle: RePEc:gai:recdev:r2154
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    More about this item

    Keywords

    Russian banking sector; banks’ financial results; banks’ profit; banks’ profitability;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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