Russian state bank beating forecasts – chairman ...News

Sber’s revenues reached nearly $10.5 billion in the first eight months of the year Russia’s largest lender, Sber, has posted record earnings for January-August this year, the bank’s CEO, German Gref, told reporters at the Eastern Economic Forum (EEF) in Vladivostok on Monday. Gref announced that the lender had earned 999 billion rubles ($10.5 billion) in the first eight months of the year, with a return on capital above 25%. He also noted that the over-the-top results “mean that we are on track to finish the year better than our previous forecasts in terms of the return on equity.” The bank’s current return on equ

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