19 Apr 2016 15:39

Russian banks post profit of 109.3 bln rubles in Q1 - Central Bank

MOSCOW. April 19 (Interfax) - The total profit of the Russian banking sector in Q1 2016 amounted to 109.3 billion rubles against 6 billion rubles for Q1 2015, the Central Bank said in materials on its website.

Provisions for possible losses rose in Q1 2016 by 147 billion rubles or 2.7%. In March, the growth of provisions amounted to 2 billion rubles or 0.04%.

In Q1 2016, 467 banks of 707 posted profit. Their total financial result was 239.6 billion rubles.

The losses of the loss-making 232 banks in Q1 amounted to 130.3 billion rubles, another eight banks did not publish reports.