The total profit of foreign banks in the Russian market in 2022 reached 211 billion rubles, that is, 104% of the total profit of the entire sector. In this respect Wrote The newspaper “Kommersant”, with reference to the data of the Central Bank of the Russian Federation.
“Foreign banks managed to make good money on the Russian market in 2022. While the total profits of foreign-controlled credit institutions in the crisis year exceeded 211 billion rubles, it turned out to be even less in the whole sector, including Russian banks – 203 billion rubles. Despite the shrinkage in the loan portfolio, foreign banks increased the amount of funds collected, especially from corporate customers.”
A total of 108 banks with foreign participation in their capital operate in Russia. Central Bank statistics included 65 banks, directly or indirectly controlled by foreign legal entities or citizens plus organizations, in which more than 50% of the votes are entitled to dispose of the ultimate owners – non-residents.
In 2021, foreign banks earned more than last year – 262.3 billion rubles. But the article says that overall, their profits make up only 11% of the total.