The final result, as noted in the Central Bank's review, was affected by such one-time factors as the revaluation of exchange rates and the value of securities. Banking institutions sometimes made additional profits due to the devaluation of the national currency, but an increase in interest rates simultaneously reduced the value of shares accounted for on their balance sheet. Taking into account the revaluation of shares, the total financial indicator of the sector reached 3.4 trillion rubles, which is almost the same as last year.
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In December 2024, the net profit of Russian financial institutions reached 187 billion rubles and decreased 2.8 times compared to the result in November (518 billion rubles). This was caused, among other things, by losses related to the strengthening of the ruble and the revaluation of the currency. The amount of the loss amounted to 120 billion rubles, while in November, due to the fall in the ruble exchange rate, banks received an additional 162 billion rubles. There was also an increase in operating costs in December, which increased by 184 billion rubles, of which 44 billion were personnel costs.
Revenues increased in December largely due to significant dividends from subsidiaries of financial structures (+66 billion rubles compared to November), as well as due to the positive revaluation of government bonds, which amounted to 19 billion rubles due to lower yields on all terms.
