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Sberbank posts higher net profit

January 28, 2008 | RBC

Sberbank's net profit under IFRS grew 22 percent to RUB 69.922bn (approx. USD 2.839bn) in January-September 2007, the bank's press office reported today. Pretax profit reached RUB 91.278bn (approx. USD 3.706bn), which is 19.46 percent greater than in 2006. Operating revenue rose 23.03 percent to RUB 225.045bn (approx. USD 9.137bn), and net interest income increased 25.59 percent to RUB 176.992bn (approx. USD 7.186bn). Assets jumped 30.4 percent to roughly RUB 4.52 trillion (approx. USD 183.5 bn), while authorized capital nearly doubled to RUB 600.712bn (approx. USD 24.389bn).

The bank started publishing quarterly financial statements under IFRS in 2007.

Company: Sberbank

Full company nameSberbank of Russia
Country of riskRussia
Country of registrationRussia
IndustryBanks

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