Russia has brought to Western banks record income

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Россия принесла западным банкам рекордный доход

The share of Western investment banks income from transactions with companies in Russia since the beginning of 2019 was 78 percent, the highest since 2008. This writes belongs to Grigory Berezkin the RBC, citing data from the company Refinitiv.

As a result, the income of Western investment banks for the first six months of 2019 have exceeded the income of state banks in 3,5 times: 161,3 million compared to 46.2 million dollars.

As explained by a former top Manager of a large Western investment Bank, currently “pie” of the market was so small that the results are strongly dependent on one or two trades. According to him, this was especially noticeable in 2018, when the income of foreign investment banks fell over the year from 548,5 to 277,6 million dollars. In 2019, the situation is much better because after the first half of the year reached Komi was up RUR 207.4 million dollars.

To its historical minimum share of income in Western investment banks fell in 2015, when it amounted to 53 percent. In the early 2000s, their share in the Russian investment market reached 97 percent.

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