In a month, when the country began to play pandemic restrictions, banks were in a step from loss — net profit of the sector fell to 0.5 billion rubles. It is 64 times less than in April, which was declared.

the Russian banks, in may received a record low with a net profit of 0.5 billion RUB., Chairman of the Central Bank Elvira Nabiullina. She attributed this to the impact of the pandemic coronavirus.

“For the first five months, banks showed a net profit of 561 billion rubles. of Course, most were received in the first three months, when the impact of the epidemic was still restricted. But then we began to record the drop in profits: in may, it was a record low — 0.5 billion rubles.”, — she said, speaking at a joint meeting of several committees of the state Duma.

In April, net profit of Russian banks amounted to 32 billion rubles., — almost six times less than in March. CB explained this is a negative revaluation on operations with foreign currency due strengthening of the ruble. In may, the ruble continued to strengthen against the dollar and the Euro, and by June 1, the U.S. dollar exchange rate returned to pre-crisis values, falling below 70 rubles.

the Majority of Russian banks have not yet issued financial statements on June 1. The largest player in the market — Sberbank in may recorded a decline in net profit for the second month in a row. Last month the financial results of the credit institution by the company amounted to 45.1 billion rubles., what to 40.1% less than the previous year.

By the end of 2020, the profit of Russian banks seriously reduced, but not go in the negative, spoke online conference June 5, Elvira Nabiullina. She, however, stressed that everything depends on the development of the pandemic.

According to the calculations of the rating agencies of NKR, during implementation of the moderate scenario of the crisis the net profit of banks in 2020 will amount to 706 billion rubles., after falling more than doubled compared to last year (in 2019 the financial result of the sector reached a record 1.3 trillion RUB). The negative scenario from the NKR assumes a symbolic Bank losses of 2 billion rubles., a crisis — the loss of 869 billion rubles.