Sberbank says IFRS net profit amounts to 357 bln rbl in Jan–Mar

MOSCOW, May 18 (PRIME) -- The net profit of Russia’s top bank Sberbank amounted to 357.2 billion rubles in January–March, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Thursday.

Spending for reserves stood at 84.2 billion rubles.

Retail loans grew by 4.4% to 12.98 trillion rubles as of March 31, and corporate loans by 4.6% to 19.5 trillion rubles.

Retail deposits increased by 0.3% to 18.546 trillion rubles, and corporate deposits rose by 1.6% to 11.6 trillion rubles.

The bank disclosed no financial information for January–March 2022.

(80.7642 rubles – U.S. $1)

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