Economy01.03.2024 - 12:47

Sberbank's net profit quintupled in a year

The financial institution earned 357.9 billion rubles in the fourth quarter of last year, and 1,508.6 billion rubles for all of 2023.

Фото: Yandex Maps

Net profit of Sberbank increased more than five times and reached a record 1.5 trillion rubles by the end of 2023. This was written by TASS with reference to the report of the bank.

The financial institution earned 357.9 billion rubles in the fourth quarter of last year, and for the whole of 2023 - 1,508.6 billion rubles.

Net interest income grew by 36.8% to 2,564.6 billion rubles during the year. Commission income amounted to 763.9 billion rubles.

This is a record net profit for Sberbank in its history. Return on equity was 25.3%. Sberbank has 108.5 million clients among individuals and 3.3 million among legal entities.

Last year it issued 28.7 trillion rubles in loans. The loan portfolio grew by 27% to RUB 39.4 trillion. They attracted Br22.9 trillion of private customers, said Sberbank head Herman Gref.

The bank's shares have been growing for the last few days and reached RUB 300.

Earlier, analysts of Sberbank told about the reasons for the ineffectiveness of anti-Russian sanctions.

By the way, Russia will introduce a limit on transfers of individuals without opening an account.

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