“Sberbank” in 2017, increased its net profit by 30%

Net profit of Sberbank under RAS at the end of 2017 without taking into account events after the reporting date amounted to 674 billion rubles, an increase compared to the result of the last at 30.4%. This is stated in the message Bank.

Net interest income “savings” compared to 2016 rose by 7.7% and exceeded 1.2 trillion rubles. Net fee and Commission income increased by 12.5% to 355 billion. Operating income before provisions increased by 19.4%.

The cost of total reserves in December amounted to 6.9 billion rubles for the year – 287 billion rubles, which is 13.3% more than the cost of 2016. Created on 1 January 2018 reserves exceed outstanding debt by 2.6 times.

The Bank’s assets in December rose by 2.6% on 1 January 2018 and amounted to 23.3 trillion rubles.

Recall that the JSC “Sberbank” is the largest Bank in Russia and one of leading global financial institutions. The share of Sberbank accounts for about a third of the total assets of the Russian banking sector. Sberbank is a key lender to the national economy and occupies the largest market share of deposits. The founder and main shareholder of Sberbank is the Central Bank of the Russian Federation, which owns 50% of the share capital plus one voting share. The other 50% stake is owned by Russian and international investors.

“Sberbank” in 2017, increased its net profit by 30% 15.01.2018

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