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Profit of Russian banks surged 2.8 times to 653 bln rubles ($11 bln) in January - May 2017

Логотип TASS TASS 20.06.2017 TASS

MOSCOW, June 20. /TASS/. Profit of Russian banks amounted to 653 bln rubles ($11 bln) in January - May 2017. Banks earned 235 bln rubles ($4 bln) in the like period of the last year, the regulator said on Tuesday.

Earlier, during the annual Q&A session Russian President Vladimir Putin said that the profits of Russian banks have already reached 650 bln rubles ($10.94 bln) in 2017. Deputy Governor of the Central Bank Vasily Pozdyshev said that the profits of Russian banks by the end of 2017 would reach around 1 trillion rubles ($16.84 bln).

ITAR-TASS

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