The Bank of Russia has disclosed its losses and gains

6

Банк России раскрыл свои убытки и доходы

In 2018, the Bank of Russia received a loss in the amount of 434,6 billion rubles, this was reported in the annual report posted on the regulator’s website.

By the end of 2017, the loss of the Central Bank amounted to 435,3 billion. Education loss to explain the Bank bailout at the expense of Fund the consolidation of the banking sector. Last year, the regulator has imposed a ban on the implementation of the credit institutions private banking 17 banks and applied penalties to 288 credit institutions.

Expenses of the Central Bank in 2018 rose 16 percent to 877 billion rubles, revenues — by 1.5 times (up to 577 billion rubles). Total assets of the regulator rose to 39.4 trillion rubles, compared to 30.8 trillion rubles by the end of 2017.

During the reporting period, the Bank received 135,5 billion rubles in dividends from the savings Bank, according to Russian law, in the future the money transferred to the Federal budget. The total amount of income received from participation in the capital of credit and other organizations, reached 137,7 billion roubles, as compared with 70.9 billion rubles a year earlier.

It is noted that the profitability indicators of the banking sector as a whole grew. By the end of 2018, the profit showed 382 of the credit institution, its total volume amounted to 1.9 trillion rubles. Loss received 100 credit institutions, its total volume is equal to 575 billion rubles.

Earlier it was reported that the Ministry of Finance has prepared a bill that would allow the Central Bank does not publish information on the reorganization, if the Bank or its management is under foreign sanctions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here