off-the-wire

Russian banks' profits reached 330 billion roubles in March -central bank

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 20 (Reuters) - Russian banks' profits rose to 330 billion roubles ($4.05 billion) in March, the central bank said on Thursday, recovering from the impact of Western sanctions on Russia's financial sector that sharply squeezed profits in 2022.


Profits in March were 13% higher than in February. Banks' corporate loan portfolio rose by 1.5% month-on-month in March, the central bank said. Banks bought 130 billion roubles of the government's OFZ treasury bonds that were auctioned in March, the central bank said.


($1 = 81.5205 roubles) (Reporting by Elena Fabrichnaya. Writing By Marina Bobrova and Alexander Marrow, Editing by Angus MacSwan)

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