MOSCOW, Feb 28 (PRIME) -- The net profit of Russia’s largest bank Sberbank rose 38.2% to 748.7 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the bank said on Wednesday.
The bank decreased allocations for reserves against possible loan by 16.1% to 287.3 billion rubles.
The bank’s corporate loans increased 4% to 14.17 trillion rubles as of December 31, while loans to individual clients grew 13.6% to 5.72 trillion rubles.
Retail deposits with the bank rose 7.8% to 13.42 trillion rubles as of December 31, while corporate deposits grew 2.5% to 6.394 trillion rubles.
For further details, please, see the bank’s statement on its official website:
(55.6717 rubles – U.S. $1)
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