Sberbank Q2 Net Profit Down 7%

OAO Sberbank AKSJF reported a 7% drop in its net profit for the second quarter. Sberbank's quarterly net profit fell to 83.1 billion rubles ($2.6 billion), versus RUB89.35 billion, in the year-ago period. However, analysts were expecting a net profit of RUB80.41 billion. Its net interest income surged to RUB167.9 billion from RUB138.96 billion, versus analysts' estimates of RUB168.37 billion.