Report: Sberbank posts higher ROAE than Goldman Sachs

MOSCOW, Mar 7 (PRIME) -- Russia’s biggest lender Sberbank has showed a higher return on assets employed value (ROAE) in 2016 than the U.S. banking giant Goldman Sachs Group Inc., Bloomberg reported on Tuesday.

Sberbank doubled the ROAE on the year to over 20%, the biggest value in the world, the agency said.

The bank’s management projects a decline in the ROAE value in 2017, which would still make it the global leader in these terms outstripping Goldman Sachs Group Inc. and JPMorgan Chase & Co, the agency said.

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