MOSCOW, Jul 31, (PRIME) -- The net profit of Russia’s biggest lender Sberbank rose 11.6% on the year to 476.9 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the bank said on Wednesday.
In April–June, the net profit grew 16.3% on the year to 250.3 billion rubles.
Retail deposits grew 1.3% in January–June to 13.673 trillion rubles as of June 30, while corporate deposits rose 9.9% to 8.136 trillion rubles.
The bank’s expenditures on creation of reserves fell to 8.8 billion rubles in April–June after 35.8 billion rubles a year ago.
For further details, see the bank’s statement on its official website:
(63.3791 rubles – U.S. $1)
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