Russia's banks can achieve profits in 2023 of 1.9 trln rubles - Deputy Governor of Central Bank

(Quote in 2nd para adjusted by CBR request)

MOSCOW. April 27 (Interfax) - The Russian banking sector in 2023 can receive 1.9 trillion rubles in profit, Olga Polyakova, Deputy Governor of the Central Bank, said.

"The first months of this year give us reason to believe that by the end of the year the banking sector may achieve indicators of 1.9 trillion rubles, or even more, which would be at the level of what it earned in 2021," Polyakova said at the RBC Banks. Transformation. Economy. 2.0 conference.

"Again, if, of course, there are no surprises," she added.

Earlier, the Central Bank estimated the 2021 profit of Russia's banking sector at 2.4 trillion rubles. In 2022, banking sector profits were 200 billion rubles. "The figure is not so big compared to the previous year," the deputy chairman said.

In March, in its baseline forecast, the Central Bank expected the net profit for Russian banks in 2023 to be in the range of 1.2-1.5 trillion rubles.