OREANDA-NEWS. January 19, 2011. In FY2010, Russian banks reported a cumulative profit of some RUB 550 bn, Bank of Russia first vice-governor, Gennady Melikian said January 18. He noted data for Sberbank were preliminary: discarding these figures, the banking sector reported a RUB 342 bn pre-tax profit.

This is a record, Melikian added: even in pre-crisis 2007, banks earned just RUB 508 bn. In 2009, Russian banks reported a RUB 205.1 bn profit, down 50% from RUB 409.2 bn in 2008.