OREANDA-NEWS   "At the end of ten months, Beac has restored profitability. Net profit since the beginning of the year exceeded 50 billion rubles, and in October the bank earned 122.8 billion rubles. The business shows good growth: the retail portfolio has gained 9% since the beginning of the year, the corporate portfolio has grown by 11.9%, excluding currency revaluation. The monthly volume of loans has returned to the pre—crisis level of the second half of 2021," Gref said at the Finopolis forum.

Compared to the same period last year (ten months), profit fell by 95%, follows from a later message from the bank. But by the end of October, it reached 122.8 billion rubles — and this is 12.4% more than in October 2021. Net interest income for ten months amounted to 1.4 trillion rubles (+2.7%), net commission income — 490.3 billion rubles (+3.9%), operating expenses decreased by 525.5 billion rubles (-4.4%).

According to Gref, "despite all the challenges of the current period," the bank managed to stabilize the quality of the loan portfolio — the share of overdue loans is below the level of the end of last year (2.2% of the portfolio).