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Russia's Sberbank Q1 net profit 350.2 bln rbls under RAS

11 April 2023 12:16 (UTC +04:00)

Sberbank in the first quarter of 2023 increased its net profit under RAS to 350.2 billion rubles, APA-Economics reports citing Regnum New Agency.

It is noted that the net interest income of Sberbank for the three months of 2023 increased by 22.4% yoy to 517.1 billion rubles and by 32.9% yoy in March to 180.6 billion rubles. It is specified that the accelerated growth is associated with an increase in the cost of client funds in March 2022 due to an increase in the key rate by the Bank of Russia.

According to the press service of Sberbank, net fee and commission income for the three months of 2023 grew by 14.4% yoy to 156.4 billion rubles, in March it amounted to 59.7 billion rubles, showing an increase of 15.3% yoy due to changing conditions in the payment card market, despite the high base of last year.