Russian Banks’ Aggregate Capital Down 2.3% in January

5 April 2019 (09:21)

UrBC, Moscow, April 5, 2019. The Russian banking sector’s aggregate capital dropped by 2.3% in January 2019 against earlier months, the Central Bank of Russia’s Review of the Banking Sector of the Russian Federation states.

The overall amount reached RUB 10.3 trillion on January 1, 2019 (up 9.28% on a year earlier). The bank’s accumulated assets amounted to RUB 94.08 trillion. According to the CBR, the banking sector’s profits came to RUB 445 billion in January and February 2019 compared with RUB 178 billion one year previously. 350 banks (73% of all the banks operating on the Russian market) finished the first two months of the year off in the black.

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