Moscow – Russian banks reported a net profit of 310 billion roubles in October, marking a 15% decline from September, the Central Bank of Russia said on Wednesday.

Despite the monthly drop, the sector’s performance remains strong overall. Cumulative profits for January–October 2025 reached 3.0 trillion roubles ($38.19 billion), slightly below the 3.1 trillion roubles recorded over the same period in 2024.

The figures reflect a banking sector navigating domestic economic pressures and changing market conditions, while maintaining solid year-to-date profitability.