Sberbank\n \n was releasing results under international reporting standards for the first time in a year. Russian authorities ordered banks to limit disclosures and dividend payments last year as Moscow tried to maintain financial stability. Sberbank’s annual profit came at 270.5 billion rubles , down 78.3% from 2021 and around 30 billion rubles lower than what it reported for 2022 under Russian accounting standards. CEO German Gref said this year’s profits should be close to the record 1.
‘Anti-crisis plan’ Sberbank’s resilience in the face of sanctions helped Russia’s banking sector recover from a loss-making first half in 2022. Other lenders, such as No. 2 bank VTB, have not fared so well and Russia’s central bank warned of “systemic risks” to the sector last week as lenders scramble to turn a profit. Banks are now jostling for business from the state — particularly as the defense budget swells — and the country’s big companies.
The last I heard the news about Russia their economy was stronger than UK economy and will faster than UKs
Actually the sanctions do not work as efficient as they are supposed to be. Putin’s regime will survive as Russia has done huge amount of businesses with China and India, therefore the war will not end as long as Russia could get financial support from these countries.
And how would you know. Have you been there and checked their books? Your journalism is pure propaganda with no evidence. Post your evidence!
another year like this and the bank is gone. Amazing. сбергамотом
They haven't even started yet.
Russia gained much more than loses..just look at the areas captured and now controlled by Russia worth much more than what it lost through western sanctions..while other is filled by China and India through oil purchase..India is a western partner by the way 😂
May they rise beyond haters expectations.
Another propaganda has started now Ukraine is wining 🤣😂🤣
Gonna get a lot harder still. Russia opened Pandora’s Box. They unleashed hell. Their country has a long, dark, difficult road ahead, with a fat-tail option of complete nuclear annihilation. Russia is doomed.
That's the artificially propped up state-owned bank and those numbers are surely, how to say, alternative facts. Waiting to see how long they can keep lying away economic, how to say, collapse.
- за эти выдающиеся 'достижения', еврея грефа публично, на днях так расхваливала моль прокладочная.
TuckerCarlson is crying
“... sees the country's economic growth at around 0%,” CEO German Gref said on Thursday. Excerpt from Reuters story on Bank of Russia
Make it harder
Not difficult enough, orcs
Post this news on a huge billboard in Est Palestine so the residents don't feel so bad for themselves knowing that
Good crush them!
Well good