Sberbank Net Profit Up 7.3% in 2019
At the same time, compared with the indicator for 2018 in the amount of 782.182 billion rubles, including SPOD, the net profit of Sberbank in 2019 increased by 11.2%. In December 2019, the bank received a net profit of 55.9 billion rubles, which is 7.1% higher than the same period a year earlier.
"Sberbank's net profit for 2019 without taking into account events after the reporting date amounted to 870.1 billion rubles. The bank showed a confident growth in the loan portfolio in real terms by 6.8%. Individuals' funds grew by 6.6%, while their cost is noticeable This provided significant support to the growth of net interest income both in the IV quarter and for the year as a whole. The return on equity of Sberbank PJSC in 2019 amounted to more than 20%, which gives reason to look confidently at meeting the goals of strategy 2020", given in the message are the words Chairman of the Board of Sberbank Alexander Morozov.
In December, the bank's assets decreased by 0.5%, to 27.7 trillion rubles. The dynamics in December and in the whole year was influenced by the ruble appreciation. Excluding currency revaluation, assets grew by 0.1% in December and 5.3% for the year, Sberbank said.