Russian banks’ net profit up 7% m/m in April, central bank says

MOSCOW (Reuters) -The net profit of Russian banks rose by 7% in month-on-month terms in April to 261 billion roubles ($3.27 billion), according to data published by the central bank on Wednesday.

Corporate lending rose by 0.9% in April compared to March, while consumer lending declined by 0.7%, the central bank said.

($1 = 79.8705 roubles)

(Reporting by Elena Fabrichnaya; Writing by Maxim Rodionov; Editing by Alexander Marrow)

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