Sberbank Russia (PK) (USOTC:SBRCY)
Historical Stock Chart
1 Year : From Feb 2019 to Feb 2020
By Adam Clark
Sberbank Rossia (SBER.MZ) said Thursday that it made a record net profit in 2018 despite slower growth in the final quarter.
The Russian bank said its fourth-quarter net profit came to 176.2 billion rubles ($2.68 billion), up 2.2% from the year-earlier quarter. Net interest income fell 0.7% but this was offset by 8.4% growth in net fee-and-commission income.
Sberbank made a net profit of RUB831.7 billion for 2018 overall, up 11% from the prior year. Earnings per share rose 15% to RUB38.13.
Total loans rose 17% to RUB21.1 trillion, with strong growth in both retail and corporate loans.
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(END) Dow Jones Newswires
February 28, 2019 03:00 ET (08:00 GMT)
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