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  • Russia’s Sberbank posts $3.57 bln net profit in 2022
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Russia’s Sberbank posts $3.57 bln net profit in 2022

Gloria Grant March 9, 2023 1 min read

MOSCOW, March 9 (Reuters) – Russia’s dominant lender Sberbank (SBER.MM) made a net profit of 270.5 billion roubles ($3.57 billion) in 2022, the lender said on Thursday, a significant drop from the year before as sweeping Western sanctions rattled Russia’s financial sector.

CEO German Gref said 2022 was a challenging year but the bank would now be able to resume consideration of dividend payments on its 2022 results.

Gloria Grant

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