June 5, 2020 / 12:32 PM / a month ago

Russian c.bank says banking sector profits to decline in 2020

MOSCOW, June 5 (Reuters) - Russia’s banking sector has the capacity to absorb shocks, said Central Bank Governor Elvira Nabiullina on Friday, but the sector’s 2020 profits will decline in the wake of the coronavirus outbreak.

Nabiullina said credit risk posed the greatest threat to the banking sector, and recommendeded that banks defer decisions on dividends from 2019 profits. (Reporting by Andrey Ostroukh, Elena Fabrichnaya and Gabrielle Tétrault-Farber; Writing by Alexander Marrow)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below