Sberbank says RAS net profit rises 22.7% to 124.7 bln rbl in Nov

MOSCOW, Dec 8 (PRIME) -- The net profit of Russia’s top bank Sberbank increased by 22.7% on the year to 124.7 billion rubles in November, as calculated under Russian Accounting Standards (RAS), the bank said in a statement on Thursday.

In January–November, the bank’s net profit plummeted by 84.8% on the year to 174.8 billion rubles, according to the statement.

Individual client account balances with the bank rose by 0.6% in November and by 0.8% in January–November to 16.8 trillion rubles as of November 30.

Corporate client account balances with the bank fell by 2.7% in November and rose by 0.7% in January–November to 8.4 trillion rubles.

The bank’s retail loan portfolio increased by 1.8% in November and by 11% in January–November to 11.8 trillion rubles as of November 30.

The corporate loan portfolio rose by 1.1% in November and by 13% in January–November to 18.2 trillion rubles.

(62.9372 rubles – U.S. $1)

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