YEREVAN, March 16. /ARKA/. Russian banks’ losses grew from 24 billion rubles over a month up to 36 billion rubles in February, yet the banks will post a profit of several hundred billion rubles as of the end of this year, said Mikhail Sukhov, deputy head of the Russian central Bank, according to the Prime.
The banks will have to operate in difficult financial conditions, but it is low probable the losses will reach a trillion rubles, as some experts projected, by the end of the year, Suhkov said at the Russian economic and financial forum in Geneva.
According to the vice-chairman of the central bank, the financial status of Russian banks will be getting more and more polarized, but not worsened. This will make banks behave economically in a more rational way, in terms of expenditures in particular, Sukhov said.
In February, the first vice-chairman of the central bank Aleksey Simanovskiy said the central bank expects the banking system’s profits to halve in 2015 down to 300-400 billion rubles, which is a 40.7% decrease compared to 2013. –0–
