Sberbank says RAS net profit rises 9.8% to 110.1 bln rbl in Jan

MOSCOW, Feb 9 (PRIME) -- The net profit of Russia’s top bank Sberbank increased by 9.8% on the year to 110.1 billion rubles in January, as calculated under Russian Accounting Standards (RAS), the bank said in a statement on Thursday.

Individual client account balances with the bank fell by 4.7% in January to 17.5 trillion rubles and corporate client account balances with the bank decreased by 4.5% to 8.3 trillion rubles.

The bank’s retail loan portfolio increased by 1% in the month to 12.2 trillion rubles.

The corporate loan portfolio fell by 0.9% to 18.6 trillion rubles.

(71.5763 rubles – U.S. $1)

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