In the first quarter of 2023, Sberbank received a record profit according to IFRS, it amounted to 357.2 billion rubles.

Sberbank reported record profits for the first quarter of the year

“The solid results of the first quarter, the stable quality of the loan portfolio and the high operational efficiency give reason to raise our forecast of return on capital for 2023 above 22%”, quotes German Gref, president of Sberbank, in the organization website.

According to the results of the first quarter, the bank’s own funds increased to 6.1 trillion rubles, an increase of 5.8%. The total portfolio for the first three months of the year increased by 4.5%. The growth was provided by the retail segment of the expansion of loans to small and medium-sized companies, says the bank’s report.

The retail loan portfolio in January-March amounted to 13 trillion rubles. (+4.4%). Since the beginning of 2023, more than 1.5 trillion rubles have been issued. retail loans.

In March, the credit institution reported on financial performance under IFRS for 2022. Net profit decreased 4.5 times, reaching only 270.5 billion rubles against 1.24 trillion rubles in 2021.

In April, Sberbank shareholders recommended paying dividends – a record in the history of a credit institution – in the amount of 25 rubles per share.

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Author:

Natalia Gormaleva

Source: RB

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