EconomyRussian banks’ August profit virtually unchanged from July at $5.22 bln
Russia’s banking sector posted 440 billion rubles ($5.22 billion) in net profit in August, down 0.7% from July, the Bank of Russia said. Corporate funds rose 1.9% to 66.9 trillion rubles, while household funds fell 0.2% to 68.5 trillion rubles, possibly reflecting vacation spending and back-to-school preparations.
Russian banks’ August profit virtually unchanged from July at $5.22 bln