Key performance indicators of the banking sector continued to improve in May

Operating banks increased lending to the economy by 0.4%, currency effects excluded. Lending to the retail sector was especially visible (+0.7%).

Household deposits grew by 0.2% in the month, with a 1.8% growth observed in corporate deposits.

The banking sector’s return on assets also showed solid growth. In the period between January and May 2017, banks reported a profit of 653 billion rubles (vers. 235 billion rubles for the same period last year).

For details of baking sector trends, please refer to the Bank of Russia’s web-publication ‘Review of the Banking Sector of the Russian Federation in May 2017’.