Russian banks have reported a profit increase of 15.2% in 2024, surpassing 3.3 trillion rubles, compared to the previous year. This figure aligns with the upper range of the Central Bank of Russia's projections, which were adjusted from 3.1-3.8 trillion rubles to 3.5-3.8 trillion rubles.
The results indicate the resilience of the Russian financial sector despite extensive Western sanctions imposed on the Russian economy, including its banking institutions.
As of January 31, 2025, the exchange rate stood at 98 rubles per dollar.