Sberbank earned RUB 62.5 billion in RAS net profit in December 2020

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AK&M 15 January 2021 19:17

RAS net profit of Sberbank for December 2020 amounted to RUB 62.5 billion. In December, the bank's lending volume reached the year's highest monthly level of RUB 2.2 trillion, including RUB 0.5 trillion provided to individuals and RUB 1.7 trillion to legal entities. The bank's loan portfolio net of the FX revaluation increased by 0.9%, the bank informed.

Retail deposits increased by RUB 0.9 trillion (6.1%) for the month excluding FX revaluation, which is 1.5 times above the growth in December 2019.

Sberbank of Russia (tax number: 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the principal lender to the Russian economy and has the highest share in the market of deposits. The bank's authorized capital is RUB 67.76 billion. It consists of 21,586,948 thousand common shares and 1 billion preferred shares with a face value of 3 rubles each. The Russian Federation represented by the Ministry of Finance owns 52.32% of Sberbank's total voting shares.