Russian Banks Lost $25 Billion in First Half, Central Bank Tells RBC

National flag flies over the Russian Central Bank headquarters in Moscow, Russia, on May 27, 2022. Maxim Shemetov/Reuters

Russia’s banks lost a combined 1.5 trillion rubles ($24.95 billion) in the first six months of 2022, a top official at Russia’s central bank said on Friday in an interview with the RBC business daily.

It is the first time the regulator has disclosed banking sector earnings since Russia sent troops into Ukraine in February.