Market Overview

Sberbank Q3 Net Profit Rises 9.9%

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Russia's OAO Sberbank (OTC: SBRCY) reported a 9.9% rise in its third-quarter net profit.

Sberbank's quarterly net profit surged to 87.5 billion rubles ($2.84 billion), from RUB79.6 billion, in the year-ago period. However, analysts were expecting a profit of RUB83.6 billion.

Its net interest income rose to RUB179.6 billion from RUB142.8 billion, versus analysts' estimates of RUB176.3 billion.

Sberbank shares closed at $11.93 yesterday.

Posted-In: profitEarnings News

 

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