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Russian banks lose 72bnRUR in December

UrBC., Moscow, January 27, 2016. Russian banks’ overall balance profits reached 191.965bn RUR in 2015, which was three times less than in 2014 (589.141bn RUR), Finmarket refers to the Central Bank as stating.

The profit figures actually came to 263.694bn in the eleven months of 2015, so in December, Russian banks lost 71.729bn RUR.

In fact, only 553 Russian banks (71.5%) were actually making profit as of January 1, 2016. According to the Bank of Russia’s data, the number of profit-making banks rose by 29 in the month of December, while 180 banks (24.6%) incurred losses; this figure was 32 banks less than one month previously.

The profit-making banks’ overall profits amounted to 735.803bn RUR by January 1, 2016, which was 7.9% less than one year earlier. The loss-making banks’ overall losses doubled to 543.838bn RUR.
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