Sberbank’s RAS net profit rises to 207 bln rbl in January–April
MOSCOW, May 10 (PRIME) -- The net profit of Russia’s top bank Sberbank jumped 45.5% on the year to 207.062 billion rubles in January–April, as calculated under Russian Accounting Standards (RAS), the bank said in a report on Wednesday.
In April, the bank received a 52.1 billion ruble net profit.
The net interest income increased 5% on the year to 376.9 billion rubles in January–April mainly due to contrition of interest rates on deposits attracted from clients.
The fee and commission income rose 10.5% to 104.9 billion rubles driven by bank card operations and income from banking insurance.
Deposits of individuals with the bank decreased 0.2% in the period to 11.429 trillion rubles as of May 1, while deposits of companies fell 5.5% to 5.106 trillion rubles. In April, deposits of individuals increased by 75 billion rubles or by 0.7%, while corporate deposits went up 54 billion rubles or by 1.1%, the bank said.
The bank’s corporate loan portfolio rose by 1.3% in April to 11.05 trillion rubles, while the retail loan portfolio grew 0.9% to more than 4.4 trillion rubles.
For further details, see the bank’s statement on its official Web site:
(58.5382 rubles – U.S. $1)
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