OREANDA-NEWS. The profit of the Russian banking sector in the first half of 2019 exceeded 1 trillion rubles. This is reported in the information and analytical material of the Bank of Russia on the development of the banking sector. "Profit (net) of the banking sector in the first half of 2019 amounted to 1,005 billion rubles against 634 billion rubles in January-June 2018", the document says.

Growth in lending to individuals by Russian banks in June slowed to 1.4% versus 1.9% a year earlier, according to Central Bank materials. "For the second month in a row, the growth in lending to individuals slowed down, in June it was 1.4% (against 1.9% in June 2018)", the regulator said. In the first half of the year, deposits of individuals in rubles showed an increase of 2.7%, while deposits in foreign currency - by 9.2% in dollar terms. "From the resource base, the inflow of deposits of individuals in the first half of 2019 significantly exceeded the figure for the same period last year (+ 4.1% versus + 2.5%). For the first half of 2019, ruble deposits increased by 2.7%, and deposits in foreign currency - by 9.2% in dollar equivalent", - noted in the Central Bank.

At the same time, as the national currency strengthened, the share of ruble deposits in the total volume increased from 78.5% to 79.1% in the first half of the year, the regulator stresses.

In June, the corporate loan portfolio of Russian banks grew by 0.4%, while the growth of foreign currency corporate loans in dollar equivalent amounted to only 0.1%. Corporate lending has a significant impact on the dynamics of the total loan portfolio. At the same time, in June, after a reduction in previous months, growth in corporate foreign currency loans was resumed, which amounted to 0.1% in dollar terms. Ruble corporate loans increased by 0.5%.