Business & Finance

Russia's Sberbank improves 2016 capital adequacy guidance

Published November 15, 2016 Updated November 15, 2016 07:18pm

1 min

By Shoaib Ur Rehman

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MOSCOW: Russian's largest bank Sberbank improved its 2016 Tier 1 Capital Adequacy Ratio guidance to over 11 percent from over 10.5 percent previously, the bank said in a presentation on Tuesday.

Earlier Sberbank said it earned 137 billion roubles ($2.09 billion) in third-quarter net profit.

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