SberBank Posts Financial Results for August and First 8 Months in 2021

SberBank, the largest bank in Russia, Central and Eastern Europe, and one of the leading financial institutions worldwide, has reported today its financial results for August and the first 8 months in 2021.

The bank outlined the key highlights for August as follows:

• The net profit reached RUB106.0 billion;

• Loans issuance to retail and corporate clients totaled RUB2 trillion. Consumer loan production hit a record of RUB275 billion, corporate loan book increased by 0.4%;

• The value of client accounts showed an increase of 2.3% to RUB0.5 trillion;

• The number of active SberPrime subscribers increased 1.6 times to 2.7 million.

In terms of the financial results for the first 8 months 2021, the major highlights are as follows:

• Net interest income amounted to RUB1,044 billion, with a YoY increase of 11.9%;

• Net fee and commission income surged to RUB372.7 billion, up 16.9%;

• Net profit before income tax raised 1.7 times as compared to the same period a year ago, exceeding RUB1 trillion. And net profit stood at RUB827.6 billion, increasing 1.7 times;

• ​Total assets as of August 31 boomed by 1.2% to RUB36.2 trillion.

Last month, Fazzaco reported that Sberbank published its financial results for July and the first seven months of 2021​.