MOSCOW, Apr 7 (PRIME) -- The net profit of Russia’s biggest lender Sberbank rose 29.2% on the year to 282.515 billion rubles in January–March, as calculated under Russian Accounting Standards (RAS), the bank said in a report on Wednesday.
In March, the bank’s net profit grew to 103.3 billion rubles from 62.1 billion rubles in March 2020.
The bank’s retail loans rose 4.1% in January–March to 8.821 trillion rubles as of April 1, and corporate loans increased 0.5% to 15.553 trillion rubles.
Retail deposits with Sberbank fell 1.4% in the period to 15.495 trillion rubles as of April 1, and corporate deposits also decreased by 1.4% to 7.689 trillion rubles.
(76.3802 rubles – U.S. $1)