Net profit of Sberbank under RAS in January-April grew by 26.6%
Net profit of Sberbank under RAS in January-April 2018 increased by 26.6% compared to the same period last year – up to 262,153 billion rubles, follows from the reporting of the largest Russian Bank.
In April the Bank earned 66,3 billion rubles of net profit.
Bank’s net interest income in the reporting period has increased regarding four months last year by 7.2% and amounted to 403,8 billion. The rise is due to increased volume of earning assets and lower cost of customer deposits, Bank notes.
Population’s deposits in Sberbank for January-April 2018 increased over 1.5% compared to the figure at the beginning of the year to 12.3 trillion rubles, funds of legal entities grew by 5.1% to 5.9 trillion rubles.
“Funds of legal entities in April rose 4.5% to 5.9 trillion rubles. Funds of individuals increased by 2.6% and amounted to 12.3 trillion rubles,” – said in a statement.
It is noted that the total volume of customer funds in April rose to 567 billion rubles, or 3.2%, to 18.2 billion rubles.
Sberbank in January-April increased its lending by 6.8%, corporate sector – 5.1%. The volume of loans to legal entities by 1 may 2018 rose to 12,603 trillion rubles from 11,991 trillion on January 1. Loans to individuals increased to 5,261 trillion rubles against 4,925 trillion rubles at the beginning of the year.
In April, the Bank provided to corporate customers loans to 1.4 trillion rubles for four months – 4.5 trillion rubles.
Individuals four months issued more than 900 billion rubles. In April, private clients provided more than 250 billion rubles.