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Russia's banking sector profit at $21 billion in 2020, up m/m in Dec

MOSCOW, Jan 28 (Reuters) - Russian banks made profits of 1.6 trillion roubles ($21 billion) in 2020, versus profits of 1.7 trillion roubles a year earlier, the central bank said on Thursday.

Banking sector profit rose to 159 billion roubles in December, up from 149 billion roubles in November, the central bank said.

Corporate credit growth doubled to 9.9% in 2020, while retail lending growth slowed to 13.5% from 18.6%.

$1 = 76.2600 roubles Reporting by Tatiana Voronova; Writing by Alexander Marrow; Editing by Gabrielle Tétrault-Farber

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