Sberbank RAS net profit falls 13% to 641 bln rbl in Jan–Oct

MOSCOW, Nov 9 (PRIME) -- The net profit of Russia’s biggest lender Sberbank fell 13.3% on the year to 641.052 billion rubles in January–October, as calculated under Russian Accounting Standards (RAS), the bank said in a report on Monday.

In October, the bank had a net profit of 81.6 billion rubles.

The bank raised retail loans by 13.8% in January–October to 8.241 trillion rubles as of November 1, while corporate loans grew by 16.2% to 15.49 trillion rubles.

Retail deposits with the bank increased by 8.6% in the period to 14.802 trillion rubles as of November 1, and corporate deposits grew by 19.6% to 7.957 trillion rubles.

(77.1875 rubles – U.S. $1)

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