Vlad Macovei
11 Aug 2020 / 5 Min Read
Furthermore, the bank has been reported to be planning to launch its own stablecoin. However, there has been no concrete plan yet for thus said stablecoin, as the bank is currently waiting for a new digital assets law to become official in January 2021. Meanwhile, Sberbank has released financial highlights for the first seven months of 2020.
- The Bank earned RUB 65.6 billion in net profit, ROE came in at 15.9% for the month;
- Combined loan portfolio was up by 0.9% in July, excluding the effect of FX revaluation, with retail portfolio expanding by 1.8%;
- Retail client accounts increased by 1.3% and were up 0.4% excluding the effect of FX revaluation;
- Operating income before provisions grew by 36% year-on-year, mainly due to net interest income and net trading income.
Vlad Macovei
11 Aug 2020 / 5 Min Read
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