Sberbank's net profit under IFRS in the first quarter of 2024 amounted to 397.4 billion rubles, an increase of 11.3% year-on-year. Return on equity has reached 24.2%. This is stated in the message of Sberbank.
Net interest income increased by 24.4% to RUB 699.9 billion, and net commission income increased by 7.6% to RUB 184.1 billion.
The Group's operating expenses increased by 25.1% to RUB 227.6 billion. The cost-to-income ratio was 28.4%.
Sberbank of Russia (TIN 7707083893) is the largest bank in Russia, Central and Eastern Europe. The Bank is the main creditor of the Russian economy and holds the largest share in the deposit market. Sberbank's services are used by customers in 18 countries around the world. The Bank has a branch network in Russia: about 14 thousand service points. The bank's foreign network consists of subsidiaries, branches and representative offices in the UK, USA, CIS, Central and Eastern Europe, India, China and other countries.
