Major banks raise mortgage rates

by time news

Record profits

In the first half of the year, Russian banks earned 1.2 trillion rubles. net profit is 2 times higher than in 2020, the regulator reported. Sberbank accounts for about half of this indicator. At the end of 2021, the net profit of the banking sector may reach a record level of 2.5 trillion rubles, follows from the information and analytical material of the Bank of Russia on the development of the banking sector in the Russian Federation in August 2021.
According to the Central Bank, in August the number of profitable banks increased by 10 and amounted to 259. At the same time, the share of banks that turned out to be profitable in the first eight months of this year remains at 98%. As noted in the Central Bank, about 85% of the profits were received by systemically important credit institutions.

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