April 30, 2020 / 7:09 AM / a month ago

Russia's Sberbank says Q1 net profit nearly halves yr/yr

MOSCOW, April 30 (Reuters) - Russia’s largest bank Sberbank said on Thursday its net profit in the first quarter fell 46.8% in year-on-year terms to 120.5 billion roubles ($1.65 billion).

The bank’s net interest income rose 10.2% to 371.9 billion roubles in the first three months of 2020. ($1 = 72.8482 roubles) (Reporting by Andrey Ostroukh and Tatiana Voronova; editing by David Evans)

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