Russian banks' net profit up 1.3% in July month-on-month, central bank data shows

Russian banks posted a net profit of 397 billion roubles ($4.91 billion) in July, up 1.3% from June, according to data published by the central bank on Tuesday.

Over the first seven months of the year, the sector recorded a cumulative profit of 2.1 trillion roubles, broadly in line with performance in the first half of 2024.

($1 = 80.8455 roubles)