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Wednesday, August 23, 2017

Sberbank announces financial highlights for first nine months of 2013

Sberbank, the largest bank in Russia and Eastern Europe, recently released financial highlights for January-September, calculated in accordance with the bank's internal methodology.

Net interest income amounted to $0.6 billion, up 15.2 percent year-on-year, while net fee and commission income totaled $4.9 billion, an increase of 12.2 percent year-on-year.

Operating income before total provisions increased by 14.1 percent year-on-year, and the total provision change was $2.59 billion compared to $1.22 billion in January-September 2012.

Operating expenses were up 12.1 percent compared to expenses for 2012, while the C/I ratio declined from 39.4 percent to 38.7 percent.

Profit before tax amounted to $10.85 billion compared to $10.42 billion for January-September 2012, while net profit amounted to $8.86 billion compared to $8.34 for January-September 2012.