Arab Today, arab today sberbank posts 17 rise in profits
Last Updated : GMT 19:10:18
Arab Today, arab today
Arab Today, arab today

Sberbank posts 17% rise in profits

Arab Today, arab today

Arab Today, arab today Sberbank posts 17% rise in profits

Moscow - Arabstoday

Russia’s top lender Sberbank posted a 17 per cent rise in profits for January-February under Russian accounting rules and compared with the same months last year, as rising loans to companies and consumers boosted its interest income. The state-controlled bank said on Wednesday net profit for the two months rose to 61.7 billion roubles ($2 billion) under Russian Accounting Standards (RAS). RAS results are viewed as an indicator of performance under the more widely-recognised International Financial Reporting Standards (IFRS). “Sberbank’s results give the first glimpse of the sector’s  strong performance in February, though we believe it once again has left most other names behind in terms of lending growth and profitability,” Uralsib said in a note. Sberbank’s shares were down 0.3 per cent to 97 roubles by 1050 GMT, within a slightly firmer MICEX index. Net interest income rose 28.8 per cent in the two months year-on-year. Sberbank’s corporate loan book grew 1.5 per cent in February, with retail loans up 3.3 per cent. The growing loan book prompted the lender to raise provisions for bad loans to 9.4 billion roubles in the two months from 4 billion roubles for the same period last year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sberbank posts 17 rise in profits Arab Today, arab today sberbank posts 17 rise in profits

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sberbank posts 17 rise in profits Arab Today, arab today sberbank posts 17 rise in profits

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday