Sberbank's net profit increased by 6.7 in 5 months%

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AK&M 17 July 2024 13:02

The net profit of Sberbank PJSC according to RAS for 5 months of 2024 increased by 6.7% year-on-year to 628.4 billion rubles. with a return on equity of 22.5%. In May, the Savings Bank earned 133.4 billion rubles. net profit (growth of 12.9% year-on-year), return on equity for the month was 22.9%. This is stated in the bank's message.

Net interest income for the year increased by 17.6% YoY to 1.037 trillion rubles. against the background of an increase in the volume of operating assets compared to the same period a year earlier.

Net fee and commission income for 5 months increased by 9.7% YoY to RUB 289.8 billion, while in May the growth was 14.9% mainly due to an increase in acquiring volumes and income from settlement and cash services. 

Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main creditor of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.

The authorized capital of Sberbank is 67.76 billion rubles and consists of 21586948 thousand ordinary shares and 1 billion preferred shares with a nominal value of 3 rubles. The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance of the Russian Federation, which owns 50% of the authorized capital of Sberbank PJSC plus 1 voting share. The remaining 50% minus 1 voting share of the bank's authorized capital is owned by Russian and international investors.