Alfa-Bank’s net earnings exceeded $500 million in January-June
Russia’s Alfa-Bank on Friday reported a net profit of 52.2 billion rubles ($526 million) for the first half of the year, saying its loan portfolio is at a consistently high level.
According to the press release on the bank’s website, it earned $272 million in January-March. Alfa-Bank has not disclosed its earnings dynamics in comparison to 2022, when its profits slumped amid Western sanctions.
“Despite the challenges of the first half of 2022 and a one-time loss, the bank has significantly strengthened its market position in terms of total assets and capital,” Alfa-Bank’s statement reads.
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