KSE100 34408.05  ▲ Increased By 386.08 (1.13%)
KSE30 15071.48  ▲ Increased By 215.83 (1.45%)
BR100 3542.91  ▲ Increased By 42.56 (1.22%)
BR30 18504.96  ▲ Increased By 58.77 (0.32%)

Business Recorder Logo

Jun 03, 2020 PRINT EDITION

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