24.12.2025, 14:24
Profits of Russian banks have increased dramatically
Source: OREANDA-NEWS
OREANDA-NEWS In November 2025, the net profit of Russian banks increased dramatically. This is reported by the press service of the Bank of Russia (CBR).
In a review on the dynamics of the banking sector, the regulator notes that during the month the net profit of credit institutions increased from 310 to 394 billion rubles. On a monthly basis, it added 27 percent. The return on equity was about 24 percent after 19 percent in the previous month.
The trend is attributed to an increase in non-core (volatile) revenues of 89 billion rubles. The main reason is taking into account the positive revaluation of securities (plus 57 billion after minus 27 in October).
"Secondly, taxes were reduced by 75 billion rubles (minus 86 percent), largely due to the recognition of deferred tax assets by banks with accumulated tax losses, which will allow them to reduce future income tax," the regulator added.
Since the beginning of the year, banks have earned 3.4 trillion rubles. This is 0.2 trillion less than last year.
According to Finance Minister Anton Siluanov, they decided to abandon the increase in the income tax rate for banks. The issue of raising the income tax rate for banks was indeed discussed. However, in conditions of high risks, they need capital and reserves, so this idea was abandoned. The budget can be replenished with dividends, Siluanov explained.
In a review on the dynamics of the banking sector, the regulator notes that during the month the net profit of credit institutions increased from 310 to 394 billion rubles. On a monthly basis, it added 27 percent. The return on equity was about 24 percent after 19 percent in the previous month.
The trend is attributed to an increase in non-core (volatile) revenues of 89 billion rubles. The main reason is taking into account the positive revaluation of securities (plus 57 billion after minus 27 in October).
"Secondly, taxes were reduced by 75 billion rubles (minus 86 percent), largely due to the recognition of deferred tax assets by banks with accumulated tax losses, which will allow them to reduce future income tax," the regulator added.
Since the beginning of the year, banks have earned 3.4 trillion rubles. This is 0.2 trillion less than last year.
According to Finance Minister Anton Siluanov, they decided to abandon the increase in the income tax rate for banks. The issue of raising the income tax rate for banks was indeed discussed. However, in conditions of high risks, they need capital and reserves, so this idea was abandoned. The budget can be replenished with dividends, Siluanov explained.
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