MKB reduced its net profit under IFRS for 9 months of 2024 to RUB 28 billion, which is 29% lower compared to the same period last year. The bank notes growth in interest income and efforts to optimize expenses, but is faced with an increase in reserves and a decrease in income from securities. Find out how MKB is adapting to economic challenges and what steps it is taking to strengthen its position. Answer from Sergey ...

... the economy and the population. The Dangers of High Inflation for the Economy and Citizens A high level of inflation poses serious challenges for the economy and citizens. First, it reduces the real purchasing power of the population: even if nominal incomes are increasing, prices are rising faster, and people can afford fewer of the same goods. This is particularly hard on retirees and those on fixed incomes, as their earnings are effectively devalued. Second, high inflation creates economic uncertainty: ...

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