Russia’s Sberbank sees 2019 net profit up 10pc: CFO

Shoaib Ur Rehman December 12, 2018

MOSCOW: Russian state lender Sberbank expects its net profit to rise 10 percent next year, the bank’s chief financial officer said on Wednesday.

Sberbank sees its net interest margin at 5.5 percent in the medium-term, and it bottomed out in November, Alexander Morozov said. He added the bank’s forecast for return on equity was at more than 20 percent for 2019.

Copyright Reuters, 2018

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