May 16, 2018 / 4:25 PM / 4 days ago

Russian banks make $8.7 bln profit from Jan-April 2018

MOSCOW, May 16 (Reuters) - Russian banks made profit of 537 billion roubles ($8.68 billion) from January to April 2018, Russia’s central bank said on Wednesday.

Central Bank Governor Elvira Nabiullina said in February that Russian banks are expected to make profit of around 1.5 trillion roubles in 2018 but that the estimate could be revised down.

$1 = 61.8346 roubles Reporting by Gabrielle Tétrault-Farber Editing by Alexandra Hudson

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