Sberbank IFRS net profit falls 46.8% to 120.5 bln rbl in Jan–Mar

MOSCOW, Apr 30 (PRIME) -- The net profit of Russia’s biggest lender Sberbank fell 46.8% on the year to 120.5 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the bank said on Thursday.

The bank’s expenditures on creation of reserves more than tripled on the year to 167.1 billion rubles in the period.

The retail loan portfolio rose 3.9% in January–March to 8.2 trillion rubles, while corporate loan portfolio increased 8% to 15 trillion rubles.

Personal client deposits with the bank increased 3.2% to 14.67 trillion rubles as of March 31, while corporate deposits rose 13.9% to 8.392 trillion rubles.

(73.6894 rubles – U.S. $1)

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