Sber’s net profit under RAS for 10 months amounted to 1.26 trillion rubles
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Sberbank’s net profit according to Russian accounting standards (RAS) for October amounted to 132.9 billion rubles, for ten months – 1.26 trillion rubles. About it reported in the financial statements of Sberbank.
The bank’s net interest income for 10 months increased by 37.5% to RUB 1.9 trillion. In October, net interest income increased by 35%, to RUB 214.9 billion. In addition, the bank recorded an increase in client activity – the number of private clients reached 108 million, corporate clients – 3.2 million.
Net commission income since the beginning of the year increased by 17.4% to RUB 575.3 billion. The bank explains this by the growth in acquiring volumes and income from cash management services. In October, the figure was at 60.5 billion rubles. Expenses on provisions and revaluation of loans since the beginning of the year amounted to RUB 552 billion. According to Sberbank, in October the strengthening of the ruble had an impact on the volume of reserves.
The bank expects record profits for the year. The Ministry of Finance predicted Sberbank’s profit in the amount of 1.5 trillion rubles. Dividends for 2023 are planned at RUB 750 billion. The new dividend policy will be announced on December 6.
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