Russia’s Sberbank IFRS net profit rises to 263 bln rbl in Jan–Jun
MOSCOW, Aug 25 (PRIME) -- The net profit of Russia’s biggest bank Sberbank jumped more than threefold to 263.1 billion rubles in January–June from 85.2 billion rubles in the same period of 2015, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement Thursday.
The net interest income soared 55.5% on the year to 664.8 billion rubles in the period, while the net fee and commission income increased 15.3% to 163.1 billion rubles.
Provision for reserves narrowed 22.4% to 180.4 billion rubles.
Sberbank’s corporate loan portfolio contracted 4.7% in the period to 14.251 trillion rubles as of June 30, while the retail loan portfolio edged up 0.1% to 4.970 trillion rubles. The amount of deposits of corporate clients with the bank fell 11.9% to 6.830 trillion rubles, and retail deposits decreased 0.7% to 11.957 trillion rubles.
For further details, please, see the bank’s statement on its official Web site:
(64.8140 rubles – U.S. $1)
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