11 Oct 2011 10:11

Sberbank boosts RAS net profit by 140% to 254.3 bln rubles in 9 mths

MOSCOW. Oct 11 (Interfax) - Top Russian bank Sberbank increased its net profit according to Russian accounting standards (RAS) by 140% to 254.3 billion rubles in January-September 2011 from 106.8 billion rubles posted for the same period of 2010, the bank said in a statement.

The share of overdue debt in the bank's loan portfolio came to 4.16% on October 1, 2011, down from 5.04% at the start of the year and 4.39% on September 1.

The bank's loan provisions stood at 638 billion rubles on October 1 and topped total overdue debt by 115%.