CBR’s Losses: RUB 434.6 Billion in 2018

13 May 2019 (09:08)

UrBC, Moscow, May 13, 2019. The Central Bank of Russia incurred RUB 434.679 billion in losses last year (compared with RUB 435.3 billion one year earlier), the bank’s annual report indicates.

The CBR’s assets, however, increased by RUB 8.6 billion and amounted to RUB 39.4 trillion altogether.

According to the annual report, banks currently operating in Russia made RUB 1.3 trillion in net profit last year (compared with RUB 0.8 trillion in 2017). The banking sector’s performance kept getting affected by a number of banks undergoing financial recovery procedures in 2018. Without these banks’ financial data, the sector’s net profit amounted to as much as RUB 1.9 trillion in 2018 and RUB 1.4 trillion in 2017.

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