Source Pravda.Ru

Russian banks to suffer from major problems during upcoming 5 years

Russian banks have few opportunities to independently increase their capital without losing financial stability. The banks that can consistently generate capital make up only a fifth of their total amount.

As many as 62.5% of Russian banks (46% of assets) have experienced difficulties at least once in increasing their capital during the recent three years, RBC reports.

In connection with weak demand for credit resources associated with the expected sluggish economic growth in Russia, it will be largest state-run banks that will be able to make basic contributions to profitability and capital generation of the Russian banking sector before late 2021.

The rehabilitation of Russia's largest credit institutions in 2017 entailed serious losses for the Russian banking sector - over 300 billion rubles as of 2017. Giant holes in Russian banks were found when it was already too late. Therefore, the rehabilitation of the Russian banking sector put the national banking system into a state of shock.

Last year, the Bank of Russia undertook to reorganise three large Russian banks - Otkrytie, Binbank and Promsvyazbank.

In 2017, Russian banks received a profit in the amount of 790 billion rubles. In early February, it was reported that the profit of the banking sector in 2018 was projected at 1.5 trillion rubles.

The Wall Street Journal reported that the Trump regime "sought options to strike Iran," falsely saying it may pursue a course no previous US leadership considered. More on this below.

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In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.

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