April 23, 2020 / 7:48 AM / a month ago

Russian banks made $2.5 bln net profit in March - c.bank

MOSCOW, April 23 (Reuters) - Russian banks made a net profit of around 190 billion roubles ($2.53 billion) in March, the central bank said in a report on Thursday, 34% higher than the average monthly net profit for banks in 2019.

The majority of the profits were concentrated in the three largest banks, with top lender Sberbank reporting a net profit in March of 62.1 billion roubles.

$1 = 75.1100 roubles Reporting by Tatiana Voronova, Writing by Alexander Marrow Editing by Katya Golubkova

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