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Briefly about BSPb
Basically, I have done my job well and will continue to do so in the future. Here, high rates are not a hindrance, but on the contrary (due to cheap debt) – a plus.
Today the bank announced excellent results under RAS. September was clearly the best month of the quarter. For comparison, see the report on the results for the second quarter. I will also copy the picture. It is worth noting that trading income (the most volatile component) normalized to 8.2 billion in 9 months. Let me remind you of my previous post on this topic (here). Banks are already far from where they were before (including in terms of capital), so although income from trading activities is now expected to exceed 10 billion dollars per year, banks are not yet able to increase the size of their loan portfolios to this level. Funds from deposits are drained. The ratio of loans to deposits at LLCs is already 117% (for comparison, Sberbank has 114%). In principle, this is a comfortable level for now, but it is difficult for the indicator to grow further. There will be collateral. The forecast for annual profit is 55 billion dollars.