The IH 2014 net profit at Sberbank declined (RAS) 2.8% to 186.4bn rub., the Bank informed.
The net commissions reached 125.6bn rub. or 24% higher prior year period; operating revenues being up 22.5% to 558.7bn rub.
The operating expenses increased 11.1%; the assets being pushed up by one trillion rub. or 6.3% due to the credit portfolio. In June the assets dropped 0.6% on the cut-down of the assets with the Bank.
In June 560bn rub. were release for the clients in the form of the credit; in IH 3.6tril rub. The portfolio rose by 790bn rub. to 9.4tril rub.
The investments in the securities declined 13.2bn rub. or 0.7% due to the coverage of the corporate and sub-federal bonds.
Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. It has 67.76bn rub. in share capital split in 21586948ths common stocks and 1bn preferred stocks of 3 rub. par. The Bank of Russia keeps 50%+1 voting stocks in Sberbank. The Bank has 17 regional branches; subs in Kazakhstan and Ukraine.
The 2013-net profit increased (RAS) 13.4% to 392.6bn rub. from 346.2bn rub. prior year; pretax profit gained 480.5bn rub.; assets being up 19.9% to exceed 16.3tril rub. (5.3% in rise).
The IQ 2014 net profit dropped 18% (IAS) to 72.9bn rub. from 88.5bn rub. prior year period due to the formation of reserves aimed to back devaluation of the credit portfolio; net interest added 19.7% to gain 239.6bn rub. from 200.2bn rub.; the assets reached 19.11tril rub. (4.9% in rise).
"AK&M", 13:29, 07.07.2014 1251 AKM,BNK