The head of VTB expects a “less rosy” profit of banks in 2027
In the Russian banking sector today there are no crisis phenomena, said the head of VTB Andrey Kostin. He said the banks' current profits were "enviable" but could be "less rosy" in the next two years.
In the Russian banking sector today there are no crisis phenomena, said the head of VTB Andrey Kostin. He said the banks' current profits were "enviable" but could be "less rosy" in the next two years.
We have a controlled situation and the capitalization of the banking sector is increasing. Profit, which causes for some reason a great envy of everyone, is also stable, even slightly increases. But I think this phenomenon is temporary. I think 2027, maybe 2028 will even be less rosy in this regard, Kostin said at the International Banking Forum.
By the end of 2025, Russian banks earned 3.5 trillion rubles. net profit. This is 8.6% less year-on-year. The Central Bank predicted that in 2026, banks will receive 3.4-3.9 trillion rubles, in 2027 – 3.7-4.2 trillion rubles. In August, the net profit of Russian banks decreased to 440 billion rubles.
