Sberbank says July–September IFRS net profit at 411.4 bln rbl

MOSCOW, Nov 2 (PRIME) -- The net profit of Russia’s top bank Sberbank rose to 411.4 billion rubles in July–September against 380.3 billion rubles in April–June and amounted to 1.15 trillion rubles in January–September, as calculated under International Financial Reporting Standards (IFRS), the bank said in a statement on Thursday.

The bank disclosed no financial information for January–September and July–September 2022.

Spending for reserves and loan reassessment stood at 48 billion rubles in July–September and at 234.9 billion rubles in January–September.

Retail loans grew by 22.1% to 15.179 trillion rubles as of September 30, and corporate loans by 21.9% to 22.676 trillion rubles in January–September.

Retail deposits increased by 15.7% to 21.409 trillion rubles, and corporate deposits rose by 18.1% to 13.432 trillion rubles.

Sberbank said earlier that its IFRS net profit in 2022 plummeted by 78% on the year to 270.5 billion rubles.

(93.2801 rubles – U.S. $1)

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