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Russia's Sberbank shares grow to new historic high after Q1 financial report

May 25, 10:35 UTC+3 MOSCOW
Net profit of Sberbank under the International Financial Reporting Standards (IFRS) rose 3.8-fold year-on-year to $1.78 bln in the Q1 2016
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MOSCOW, May 25. /TASS/. Shares of Sberbank rose by 2.2% to the new historic high to 126.25 rubles ($1.9) per share in early trading on Wednesday on the Moscow Exchange.

The shares grow after the publication of the bank’s financial report for the Q1 2016.

Thus, net profit of Sberbank under the International Financial Reporting Standards (IFRS) rose 3.8-fold year-on-year to 117.7 bln rubles ($1.78 bln) in the Q1 2016.

Net interest income in the reporting period increased by 62.5% and amounted to 325.5 bln rubles ($4.9 bln), net commission income rose by 11.9%, to 77.2 bln rubles ($1.17 bln).

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