The net profit of Russian banks rose by 32.4% in June compared to May, reaching 392 billion roubles ($5.01 billion), according to data published by the central bank on Friday.

In the first six months of the year Russia’s banks posted a combined profit of 1.7 trillion roubles, the same as in the first half of 2024.

The central bank said corporate lending in June was up 0.7% compared to May.

($1 = 78.3000 roubles)