Sberbank Russia (PK) (USOTC:SBRCY)
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1 Year : From Feb 2019 to Feb 2020
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.
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(END) Dow Jones Newswires
July 05, 2019 03:56 ET (07:56 GMT)
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