GENERICO.ruЭкономикаForeign banks in Russia earned 22 percent less than a year ago

Foreign banks in Russia earned 22 percent less than a year ago

MOSCOW, May 10. At the end of last year, foreign banks in Russia earned a fifth less than a year earlier — $3.36 billion, while their Parent companies' profits from Russian business amounted to about 1%, it was found out by studying the reporting data of foreign banks in the Russian Federation and their parent organizations abroad.
The performance of 49 foreign banks was analyzed, but some were sold in 2022-2023, and some did not provide full accounts for the full years of 2022 and 2023. As a result, the indicator was calculated based on the reports of 29 foreign banks and takes into account losses from a number of players.

Thus, at the end of 2023, the total net profit of reporting banks amounted to $3.36 billion, decreasing by 22% from 4.3 billion in 2022. The total profit of the parent companies of these banks in 2023 reached $350.7 billion, which is 2.8% more than the $341 billion achieved a year earlier. Thus, the share of income from Russian business from foreign banks and companies decreased to 0.96% from 1.26%.

Raiffeisenbank earned the most among foreign banks in Russia — $1.4 billion (or 122 billion rubles). The top three are completed by UniCredit with $696 million (59 billion rubles) and OTP Bank with $253 million (21.4 billion rubles).
Also in the top ten were the Chinese banks ICBC ($249 million or 21.1 billion rubles) and Bank of China ($171 million or 14.5 billion rubles), the American Citibank ($111.7 million or 9.5 billion rubles), the Dutch ING Bank (Eurasia) ($93 million or 8 billion rubles), the German Commerzbank (Eurasia) ($71 million or 6 billion rubles), the Japanese M.U.F.G. Bank (Eurasia)» ($41 million or 3.5 billion rubles) and the Uzbek «Asia-invest» ($39 million or 3.3 billion rubles).
Followed by J.P. Morgan Bank with a net profit of $31.1 million, Denizbank Moscow — $30.8 million, Volkswagen Bank — 19.8 million, Ishbank — 18.7 million, BNP Paribas Bank — 17.9 million, SEB Bank — 15.5 million and Ziraat Bank — 11.7 million.

Another 10.2 to 10.9 million dollars in profit in Russia were received by the banks KEB HNB, China Agricultural Bank, BMW Bank and Credit Agricole CIB. Moskommertsbank (7.3 million dollars), Credit Suisse Bank (5.4 million), HSBC Bank (4.7 million), Uri Bank (4.3 million) earned the least million), IK-Bank (98 thousand) and Deutsche Bank (30 thousand).

Unlike the banks listed above, two players received a net loss at the end of 2023. These are Goldman Sachs Bank — a loss of 873 million rubles against a loss of 176.6 million a year earlier, and American Express — a loss of 87.4 million rubles against a profit of 428.5 million in 2022.
At the same time, among foreign banks and companies, the largest share of Russian business in profits was found in Raiffeisenbank — 55.7% and Asia-Invest Bank, the main founder of which is the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan — 26.4% .

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