Sberbank RAS Dec net profit up to 56 bln rbl from 52 bln rbl y/y

MOSCOW, Jan 15 (PRIME) -- The net profit of Russia’s biggest lender Sberbank rose to 55.9 billion rubles from 52.2 billion rubles a year ago in December, as calculated under Russian Accounting Standards (RAS), the bank said in a report on Wednesday.

Loans to retail clients grew 17.4% in the period to 7.244 trillion rubles as of January 1, while corporate loans fell 1.8% to 13.33 trillion rubles.

Retail deposits with the bank rose 4.5% from January through 2019 to 13.6 trillion rubles as of January 1, while corporate deposits decreased 4.7% to 6.7 trillion rubles.

For the whole of 2019 the net profit rose by 11.2% to 870.1 billion rubles.

For further details, see the company’s statement on its official website:

https://www.sberbank.com/ir/news/article?newsID=70f7ce5d-ccae-4f79-8c76-d3853e539972&blockID=8®ionID=77&lang=en&type=NEWS

(61.4140– U.S. $1)

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