Izvestia: Russian banks increased profits by 1.1 trillion rubles due to inflation 
accelerated inflation in the country, as well as a multiple increase by the Central Bank of the key rate, follows from the forecast of analysts of the rating agency “Expert RA”, available to “Izvestia”.
According to experts, in January 2021 the annual profit of credit institutions was estimated at 1.3 trillion rubles, and ten months later the bar rose to 2.4 trillion rubles. experts explain this by a rush in prices due to inflation, due to which the Bank of Russia raised the key rate six times – from 4.25 percent to 7.5 percent. These conditions led to a sharp increase in demand for loans, which, in turn, helped Russian banks to make record profits.
Earlier, the head of Sberbank German Gref called a way to protect savings from inflation. According to him, the bonds of the federal loan of Russia will help in this. He explained that the face value of these securities is indexed to the inflation rate or whose coupon is tied to the RUONIA interbank market rate. Gref added that one should abandon savings only when inflation doubles prices in a couple of weeks, as in Zimbabwe.