... conversely, the sharp rise in the key rate (up to 21%) boosted the interest margin but necessitated increased provisions. Nevertheless, the bank navigated the expensive money period successfully, maintaining profit growth and asset quality. Now, following a decrease in the rate to 18% (July 2025), a slight contraction in margins and relief in debt burdens for borrowers is expected in the second half of the year. The outlook for 2H2025 appears balanced overall. On one hand, a gradual easing of monetary policy may lead to ...

... net profit to 28 billion rubles. The 29% decrease in profit is mainly due to the growth of reserves for asset impairment and a decrease in income from securities transactions. These indicators indicate the bank's conservative policy in the context of economic ... ... increase in net interest income, which indicates competent management of the loan portfolio and effective work with interest rates. The attention to the optimization of operating expenses is also encouraging - this shows a desire to reduce costs and improve ...

... consider the retention of the $70,000–$80,000 range in 2025 critical. Under adverse developments (recession, stricter regulations), bitcoin could temporarily drop into this corridor. Nevertheless, the base scenario for most analysts remains positive: decreased sales rates by miners combined with price growth and an improvement in macro conditions in the second half of the year could pave the way for bitcoin to reach new peaks. The post-halving cycle traditionally leads to a bull market, and while its amplitude may ...

... June 17, the Federal Antimonopoly Service (FAS) reported that it had sent a request to Gazprom regarding the reasons for the decrease in fuel sales on the exchange. The company owns the Astrakhan and Surgut plants, which produce gasoline and DF. In 2023,... ... worth noting, however, that the damping mechanism depends on petroleum product quotations in Europe, as well as the exchange rate of the ruble. This does not involve cutting subsidies but changing macroeconomic conditions. Oil and petroleum products have ...

... factors that supported the ruble: the July tax period has ended, during which exporters traditionally sold foreign currency earnings to pay taxes, thereby strengthening the ruble. There are expectations that after this, the supply of foreign currency may decrease, leading to a moderate weakening of the ruble. Nevertheless, the exchange rate of the Russian currency is likely to remain within a relatively stable range in the near term. The US dollar is trading around 78–82 rubles, while the euro is in the corridor of 92–97 rubles. Among the negative factors for the ruble are the seasonal ...