MIL-OSI Russia: Financial News: Financial Institutions’ Asset Growth Slowed Last Year Amid Tight Monetary Conditions

Translartion. Region: Russians Fedetion –

Source: Central Bank of Russia –

Traditionally, the largest increase in assets was seen in banks. At the same time, non-credit financial institutions (NFIs) grew dynamically, offering products that allowed them to compete in terms of profitability with bank deposits, such as money market exchange-traded funds and short-term life insurance policies. At the same time, the share of assets in brokerage services in the volume of total assets decreased.

The profitability of most Russian financial institutions has increased. Management companies remained the most profitable among the main segments of NFIs in 2024.

Read more in“Overview of the Russian financial sector” for 2024.

Preview photo: YanLev Alexey Sizov / Shutterstock / Fotodom

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