Sberbank Net profit grew 1.6 times over 11 months

The Russian largest bank has reported on its financial results for 11 months of the current year. He announced a 60% year-on-year increase in net profit to RUB 1 trillion 147 billion. It reached the amount of 101.6 billion rubles at the end of the past month. The profit amounted to 78 billion rubles in the same month last year. There were funds in the bank accounts of individuals for 16 trillion 472 billion rubles due to December 1. The growth was 4.8%. The total amount of legal entities’ funds increased by 12.4% to 8 trillion 766 billion rubles. These indicators showed an increase of 0.2% and 5.2 in November, in accordance. The company’s funds have become the main increased lending source. According to the SB report, over 11 months of the current year, the total amount of lending to Russians increased by 23.3% compared to a year ago to 10 trillion 450 billion rubles. The volume of corporate lending increased by 8.3%. It reached 16 trillion 752 billion rubles by the end of the reporting period.

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Arseny Kudrin

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