Sberbank reported on Russian financial reporting standards for January of this year. The bank made a net profit of 110 billion rubles in the first month of this year. According to a press release from the credit institution, this is 10% more than in the same month last year (available on socialbites.ca).
Sberbank’s other financial performance indicators also grew in January this year compared to the first month of the previous year. Net interest income increased by 16% to 173.8 billion rubles. The bank’s net fee and commission income increased by 15% to RUB 45.6 billion. Sber’s retail and corporate loan portfolios stood at RUB 12.2 trillion and RUB 18.6 trillion, increasing by 12.6% and 11.4%, respectively.
Analysts interviewed by Lenta.ru stressedThe quality of Sberbank’s loan portfolio remains stable. According to them, the bank continues to increase its profits despite the traditional decline in business activity at the beginning of the year.
Senior Lecturer, Department of Economic Theory, Russian University of Economics. Plekhanov Khoja Kava told Lenta that Sberbank has managed not only to maintain the results achieved, but also to maintain the uptrend. The economist noted that this points to a flexible and correct strategy for the development of the bank.
February 8 knowledgeable about new appointments in the top management of their regional banks.