Russian bank profits up 21%

Russian bank profits:  The profitability of Russia’s top 100 banks rose by 21% in 2010 to record an aggregate return on Tier 1 capital of 24.2%. Total Tier 1 capital also rose by 35%, bringing the aggregate capital – to assets ratio up to 8.63% with only eight of the top 100 banks recording losses in the 12-month period ending in December 2012. The Banker