“In 2023, the sector earned a record 3.3 trillion rubles. (adjusted for dividends) due to the restoration of core income, a significant reduction in expenses for reserves and the receipt of significant income from currency revaluation,” the financial regulator notes.

At the same time, the Central Bank urges not to consider these data in isolation from the weak results of 2022, when the sector earned about 0.2 trillion rubles. 

Earlier it was reported that Russian banks were given additional limits on state mortgage programs in the amount of 2.3 trillion rubles.