BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/06
Total banking sector profits in 2015 contracted to 192 billion rubles (€2.6 billion), about a third of the 2014 level. When the profits of Sberbank, Russia’s largest bank, are excluded, the sector showed virtually zero profits last year. Bank solvency ratios are still generally healthy, though with huge variations among individual banks. Weak results of banks raise expectations that consolidation in the sector and CBR revocation of banking licences will remain strong this year.