The main Russian bank, Sberbank, sanctioned by the West due to the war in Ukraine, obtained a net profit of 737,500 million rubles, which represents an exchange rate of some 7,213 million euros during the first half of 2023, as reported by the bank. it’s a statement.
Of this amount, indicates Sberbank, 380,300 million rubles (3,708 million euros)
Sberbank has exceeded its forecasts
According to the largest Russian bank, the results slightly exceeded the forecasts that expected in the first six months of the year net earnings of around 733,800 million rubles (7,156 million) s of euros) during the second quarter.
Sberbank in line with the instructions of the Central Bank of Russia, which took steps to counter the effect of Western sanctions against the Russian banking sector, disconnected from the S swift system.
The financial profitability (ROE) of the Russian entity Sberbank during the first half of 2023 was 25.5%, and during the second quarter, 26%.
