MOSCOW, February 27. /TASS/. Net profit of Sberbank Group under International Financial Reporting Standards (IFRS) rose by 4.8% in 2024 to 1.58 trillion rubles ($18.17 bln) in 2024, Russia’s top lender reported.
"For 12M 2024, Sber net profit rose by 4.8% YoY to 1,580.3 bln rubles with a return on equity of 24%. In 4Q 2024, net profit totaled 353.1 bln rubles, while the return on equity stood at 20.6%," the bank said.
Net interest income rose by 12% in 4Q 2024 year-on-year to 824.4 bln rubles on the back of increasing volume of working assets. For 12M 2024, net interest income increased by 17% year-on-year to almost 3 trillion rubles.
Net fee and commission income increased by 9.8% in 4Q 2024 year-on-year, amounting to 231.1 bln rubles. FY 2024 net fee and commission income reached 842.9 bln rubles, which is 10.3% higher than in 2023.