Sberbank will begin issuing financial statements in accordance with international standards (IFRS) at the beginning of March. A representative of Sberbank said that on March 9 this year, the bank will publish IFRS statements for 2022. transmits Interfax agency. The representative of Sberbank stated that March 9 is the predetermined date for the announcement of the financial performance of the bank according to international standards last year.
The representative of Sberbank explained that the bank is currently evaluating the way the financial statements are disclosed under IFRS, taking into account “all circumstances and external risks”.
On February 9, Sber published financial statements according to Russian standards (RAS) for the first month of this year. knowledgeable “socialbites.ca”. According to the report, the bank recorded a net profit of 110 billion RUB in January 2023, an increase of 10% compared to January of last year. In addition, at the beginning of the year until January 2022, Sberbank’s net commission and net interest income grew. The bank’s individual and corporate loan portfolio has increased.
According to analysts, Sberbank managed to improve its RAS financials in January despite the traditional decline in business activity. Experts noted that in the current conditions, the bank is able not only to preserve the results achieved earlier, but also to pursue a way to improve them, which shows the flexible and correct strategy of the credit institution.