Sberbank Reports a Solid Performance in 4 months of 2021

Sberbank, a state-owned Russian banking and financial services company headquartered in Moscow, recently reported its financial figures for 4 months of 2021, revealing a solid performance in many financial metrics.

More specifically, the bank registered a net interest income of RUB503.0 billion, up by 12.9% compared to the previous year. Net fee and commission income came in RUB175.4 bn, indicating a YoY increase of 16.3%. Operating expenses totaled RUB207.3 bn, increased by 10.5% compared to the same period in 2020. Total provision charge including fair-value revaluation amounted to RUB67.7 bn. 

In addition, net profit before income tax for 4M 2021 rose to RUB477.2 bn, and net profit approached RUB386.1 bn. Both indicators increased by 1.7 times year-on-year.

As Fazzaco reported earlier, Sberbank has announced that users can activate a service in SberBank Online that checks their incoming calls and warns them in case of a fraudulent call​.