Russia’s Sberbank IFRS net profit rises to 401 bln rbl in Jan–Sep
MOSCOW, Nov 15 (PRIME) -- The net profit of Russia’s top bank Sberbank jumped to 400.1 billion rubles in January–September from 150.3 billion rubles in the same period of 2015, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement Tuesday.
The net interest income rose 45.9% to 1.008 trillion rubles, while the net fee and commission income went up 12.7% to 251.7 billion rubles.
Provision charges narrowed by 22.2% to 282.1 billion rubles, but operating expenses grew 10.2% to 475.6 billion rubles.
The bank’s corporate loan portfolio contracted by 6% in the period to 14.062 trillion rubles as of September 30, while the retail loan portfolio rose 1.4% to 5.034 trillion rubles.
Retail deposits with the bank increased 0.4% to 12.088 billion rubles, but corporate deposits fell 15.9% to 6.521 trillion rubles.
For further details, see the bank’s statement on its official Web site:
(65.8591 rubles – U.S. $1)
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