We expected that the sector would gradually denmark telegram data recover after the difficult 2022, but the economy and banks quickly adapted to the new conditions, so the results exceeded our forecasts. Despite the ongoing sanctions pressure, in 2023, banks not only maintained a good margin of safety, primarily capital, but also supported business growth and significantly increased lending to the economy.
Thus, the corporate loan portfolio
grew by a record 20% over the last decade. Companies actively attracted funds for investment projects, execution of state orders, for replacement of external debt and purchase of assets of foreign companies. And we should not forget about housing construction – there, too, the growth of lending was significant.
The unsecured consumer lending segment recovered very quickly, showing almost 16% growth over the year. Auto loans broke all records: against the backdrop of deferred demand, as well as the establishment of local production and supplies of cars from China, growth amounted to 42% against a decline of 3.7% in 2022. Mortgages also showed record growth, accelerated by government support programs – by 34.5%; it would not be an exaggeration to say that banks and developers fulfilled their two-year plan in a year.
Against the backdrop of such a rapid economic
recovery and high growth in business volumes, banks earned RUB 3.3 trillion in profit. But it should be considered together with the near-zero result of 2022: certain significant components of the 2023 profit are, in fact, a cover for previous how do you use the insta highlights? leave a comment! losses. Thus, in 2023, banks were able to partially dissolve the reserves conservatively created in 2022, and total ao lists deductions for reserves decreased from RUB 2.5 trillion to RUB 1.8 trillion. In addition, banks “won back” RUB 0.5 trillion out of RUB 1 trillion in last year’s loss from foreign exchange revaluation.
