May 8, 2020 / 12:44 PM / 19 days ago

Russian banking sector profits seen declining - central bank governor

MOSCOW, May 8 (Reuters) - Russian banking sector profits are seen declining in the current conditions, Central Bank Governor Elvira Nabiullina said on Friday, adding that bad loans will peak in the second half of 2020.

Nabiullina said data and surveys of banks showed that the interest income of banks and their profits would decrease. (Reporting by Andrey Ostroukh and Elena Fabrichnaya, Writing by Alexander Marrow; Editing by Alison Williams)

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