Cbanker says Russian banks’ net profit at 168 bln rbl in Sep

MOSCOW, Oct 9 (PRIME) -- The preliminary combined net profit of Russian banks amounted to 168 billion rubles in September and to 1.068 trillion rubles in January–September, and the central bank expects the industry’s 2018 net profit at 1.2–1.3 trillion rubles, Deputy Chairman Vasily Pozdyshev told reporters on Tuesday.

In September, corporate loans grew 1.8% on the month to 33 trillion rubles, and retail loans by 2%, he said. Loans to the economy increased by 4.7 trillion rubles since the start of the year to 47.1 trillion rubles.

Lending to households rose 16.3% since the start of the year. “But we have to note that in September, the rate of retail loan growth started to decrease a little. So, maybe regulative demotivation of provision of unsecured loans and risky mortgages has started to take its toll,” the official said.

The ruble part of deposits with banks grew noticeably, while the foreign currency deposits decreased insignificantly in January–September. There was no outflow of foreign currency deposits from state-run banks to private banks. An overall reduction of deposits in August–September was a short-term trend, he said.

The official also said that the central bank will prolong incentives for banks to create for reserves against losses on loans to companies under sanctions till 2021.

The authority is also discussing a one-year postponement of a deadline to form Basel III reserves.

(66.9685 rubles – U.S. $1)

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