Sberbank RAS net profit falls 22% to 403 bln rbl in Jan–Jul

MOSCOW, Aug 7 (PRIME) -- The net profit of Russia’s biggest lender Sberbank fell 22.4% on the year to 403.1 billion rubles in January–July, as calculated under Russian Accounting Standards (RAS), the bank said on Friday.

In July, the bank’s net profit fell 13.1% on the year to 65.6 billion rubles.

Retail deposits with the bank rose 6.9% in January–July to 14.56 trillion rubles as of August 1, while corporate deposits increased 7.4% to 7.14 trillion rubles. In July, retail deposits grew 1.3% and corporate deposits fell 0.4%.

Retail loans rose 5.9% in January–July to 7.668 trillion rubles as of August 1, while corporate loans increased 8.1% to 14.41 trillion rubles.

(73.0397 rubles – U.S. $1)

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