The net profit of the banking sector in 2024 will decrease by 13 percent compared to 2023 and reach 2.8 trillion rubles. This follows from the materials of the rating agency. “Expert RA”.
According to them, the profit of the 10 largest regulators in the specified period will be about 2.1 trillion rubles.
The report states, “The top 10 banks will increase their share gap due to advantages such as low funding costs and technological superiority compared to their competitors.” The organization’s experts state that medium-sized banks will face external restrictions in connection with their foreign economic activities.
According to the agency’s estimate, about 15 financial institutions may leave the market this year for reasons such as planned restructuring, voluntary surrender or revocation of licenses.
Before reportedIt is stated that major Russian banks have started to reduce interest rates on deposits and savings accounts in anticipation of the Central Bank’s loosening of its policy.
Previously in Russia woke up The first case was a violation of bank loan advertising rules.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.