Russian Banks’ RoE beats JP Morgan!
Bank of Russia reported an average post-tax RoE for all Russian banks of 25.7% for Jan 2023. This is almost 2x of JP Morgan and almost 3x Jan 2022.
Disclaimer I:
This is not investment advice
Disclaimer II:
If you still think about buying Russian banks‘ stocks despite Disclaimer I, please consider that respective investments and money flows might be subject to sanctions.
