COVID-19 impact on bank revenue/loss in Russia 2020-2021, by scenario

* According to the source, the severe scenario estimates that the critical phase of the crisis to last through the whole 2020, with the negative trend continuing until the end of 2021. Under such setting, the losses of the banking sector can be comparable to that of 2008.

The negative scenario implies that the critical phase of the crisis will end after the first half of 2020, with the negative trend continuing for another year,

The moderate scenario will not lead to losses in the banking sector, but it will still require significant efforts from the players to maintain the quality of the portfolios. According to this scenario, the critical phase of the crisis and the negative manifestations will affect only 2020.

The source specified that the revenues or losses are before taxes.