Source Pravda.Ru

Banking sector performs better than other industries

The profits of Russian banks will be about 16 to 18 percent in 2003, Russian Central Bank Deputy Chairman Andrey Kozlov declared in the Federation Council today. According to him, the ratio of return on capital in the banking sector is almost twice as much as in all other sectors of the Russian economy.

Credit organizations received 90bn rubles (about $3bn) in profits in the first 8 months of 2003, which was almost equal to the 2002 result. The main sources of revenues were interest revenues (51.5 percent) and operations with securities (31.2 percent).

Kozlov noted that administrative expenses had not grown over the past 2 to 3 years. He admitted that 97 percent of Russian banks were financially stable.

He announced his intention to create a news service called "Pravda," which means "truth" in Russian. Well, we are Pravda. The Pravda.Ru website has been working professionally in Russia since 1999

Elon Musk wants Pravda, but we already have it

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum