29-07-2025
Russia's Sberbank reports marginal Q2 profit rise to $5.19 billion
MOSCOW, July 29 (Reuters) - Russia's dominant lender Sberbank ( opens new tab on Tuesday reported a slight increase in second-quarter net profit to 422.9 billion roubles ($5.19 billion), from 418.7 billion roubles a year earlier.
Sberbank has coped relatively well with high interest rates squeezing lending portfolios. Banks are set to benefit with interest rates now coming down, nipping concerns about rising overdue consumer debt in the bud.
($1 = 81.5500 roubles)
