Sberbank earned 350.2 billion rubles. Net profit in accordance with Russian Financial Reporting Standards (RAS). At the same time 125.3 billion rubles. received by the bank in March. In the same month, Sberbank made loans to individuals more than 660 billion rubles. This is a record in the history of the bank. should from the bank’s condensed first quarter results.
“While keeping the portfolio quality at a high level, we have issued more than 660 billion rubles and increased the loan portfolio to corporate clients. As a result, Sberbank made a profit of more than 125 billion rubles, which made it possible to complete the first quarter with a profitability of 24 percent.
From the reduced results of Sberbank, it becomes clear that since the beginning of this year, the portfolio of individual loans has grown by 4.7% and exceeded 12.6 trillion rubles. In March, this figure increased by 2.3%.
The corporate loan portfolio has grown by 4% since January, exceeding the level of 19.5 trillion rubles. In March, companies received 1.4 trillion rubles, which is 1.6% more than in February.
Sberbank’s January-March net interest income increased by 22.4% to 517.1 billion rubles. In March, the indicator increased by more than a third – 32.9%. The bank explained this with the increase in the cost of client funds in March last year, after the increase in the key rate of the Central Bank of the Russian Federation.
The number of individual customers of Sberbank exceeded 106.2 million and the number of companies exceeded 3 million in the first quarter. The Bank stated that it achieved financial results without using the concessions of the Central Bank.