Banking Sector: State Banks Generate All Profit

Russian Economic Developments. Moscow, 2016, No. 8, pp. 10-12

3 Pages Posted: 21 Sep 2016

See all articles by Michael Khromov

Michael Khromov

Gaidar Institute for Economic Policy

Date Written: September 20, 2016

Abstract

In Q1 2016, the banking sector earnings went up significantly compared to last year. This fact has noticeably maintained the banking sector capitalization by offsetting a reduction of other sources of banks’ own funds. However, the profits generated by regular bank transactions remain noticeably lower than it was during pre-crisis period. Earnings continue to concentrate in major Russian bank – Sberbank and other major banks.

Keywords: Russian economy, banking sector, profitability

JEL Classification: E21, E41, E51, E58, G21

Suggested Citation

Khromov, Michael, Banking Sector: State Banks Generate All Profit (September 20, 2016). Russian Economic Developments. Moscow, 2016, No. 8, pp. 10-12, Available at SSRN: https://ssrn.com/abstract=2841188 or http://dx.doi.org/10.2139/ssrn.2841188

Michael Khromov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

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