Sberbank 1st Half Net Profit Rose 12%

Date : 07/05/2019 @ 8:11AM
Source : Dow Jones News
Stock : Sberbank Russia (PK) (SBRCY)
Quote : 15.6356  -0.2343 (-1.48%) @ 9:21PM

Sberbank 1st Half Net Profit Rose 12%

Sberbank Russia (PK) (USOTC:SBRCY)
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By Oliver Griffin

 

Sberbank Rossia (SBER.MZ) on Friday reported a 12% rise in net profit during the first half of the year.

The Russian lender recorded a net profit of 444.2 billion rubles ($7.0 billion) in the first six months of the year, compared with RUB397.8 billion in the first half of 2018.

Sberbank said it issued RUB250 billion in loans to retail clients in the first half of the year. Net interest income declined 0.8% to RUB615.1 million, Sberbank said.

Net fee-and-commission income rose 6.6% to RUB212.3 billion, driven by transactional business.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

July 05, 2019 03:56 ET (07:56 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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