Sberbank says expects to remain profitable in 2023

MOSCOW, Dec 14 (PRIME) -- Russia's biggest lender Sberbank has become sustainably profitable and expects to remain profitable in 2023, First Deputy CEO Alexander Vedyakhin said at a conference on Wednesday.

"Sber has become sustainably profitable. We are on this stable trajectory, and I am sure that unless, God forbid, something happens, we will maintain stable profitability next year," Vedyakhin said.

Sberbank's net profit in November grew by 22.7% to 124.7 billion rubles under Russian Accounting Standards, but the January–November the profit slid by 84.8% to 174.8 billion rubles.

(63.2120 rubles – U.S. $1)

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