Sberbank RAS net profit rises 23.3% to 129.1 bln rbl in Jan-Feb
MOSCOW, Mar 7 (PRIME) -- The net profit of Russia’s top bank Sberbank rose 23.3% on the year to 129.096 billion rubles in January-February, as calculated under Russian Accounting Standards (RAS), the bank said in a statement on Wednesday.
The pretax profit stood at 162.7 billion rubles. The net interest income rose 7.1% on the year to 195.1 billion rubles thanks to a rise of working assets and a fall of interest rates on deposits, the bank said.
Corporate deposits with the bank fell 2.3% to 5.515 trillion rubles, while household deposits shrank 1.4% to 11.958 trillion rubles.
The bank’s retail loan portfolio rose 2.6% in the month to 5.055 trillion rubles, while the corporate loan portfolio contracted 0.5% to 11.933 trillion rubles. In February, Sberbank issues 1.1 trillion rubles of loans to companies and 205 billion rubles to individuals.
For further details, see the bank’s statement on its official Web site:
(56.5041 rubles – U.S. $1)
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