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Sberbank almost halves share of assets in dollars and euro over 10 months

The press service of Sberbank noted that the number of retail clients in October reached 106 mln people, and legal entities exceeded 3 mln companies

MOSCOW, November 10. /TASS/. Sberbank almost halved the share of assets denominated in dollars and euro from January to October 2022, the bunk reported on Thursday.

"Since the beginning of the year, Sberbank has almost halved the share of assets denominated in US dollars and euro," the statement said. The bank added that the move reduced risks and contributed to the margin growth.

Earlier, the bank’s CEO Herman Gref announced the resumption of the monthly publication of financial statements starting from October data. He also said that the net profit of Sberbank under the Russian Accounting Standards for 10 months exceeded 50 bln rubles ($813.1 mln).

The press service of Sberbank noted that the number of retail clients in October reached 106 mln people, and legal entities exceeded 3 mln companies. Since the beginning of the year, the bank has issued mortgage loans totaling 1.9 trillion rubles ($30.9 bln).

Funds of individuals amounted to 16.7 trillion rubles ($272.01 bln), rising by 0.2% since the beginning of the year. Funds of legal entities grew by 3.4% since the beginning of the year to 8.7 trillion rubles ($141.7 bln).

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