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  Politics 
28 of August, 11:26

IFRS: Sberbank increased its profits from international business by 15%
Sberbank in the first half of 2014 increased pre-tax profit from international business by 15%, to 22, 2 billion, evidenced by statements in accordance with IFRS.

In early July, the Deputy Chairman of Sberbank Sergey Gorkov in an interview Last news said that the European business of the savings Bank is not experiencing issues because of the danger of strengthening sanctions against Russia.

first of Sberbank said that it is preparing to reduce the profitability of the banking sector in all markets of presence in the Russian Federation, Turkey, the CIS and the countries of Central and Eastern Europe.

The Bank expects to markets other than CIS, reducing the margin will be more than one percentage point.

Sberbank in 2012 acquired the Eastern European division of the VBI (now Sberbank Europe AG) for 505 million. Sberbank Europe with headquarters in Austria, operates a network of nine subsidiaries of credit institutions in eight countries of Central and Eastern Europe: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Ukraine.

Financial giant in the past year increased its pre-tax profit from international business 3, 3 times, up to 24, 3 billion rubles, of which more than half were in Turkish " daughter " - Denizbank. The head of Sberbank German Gref predicted that the Bank this year will profit from international business in the amount of about 900 million dollars.


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