August 23, 2017 / 7:09 AM / in 3 months

Russia's Sberbank makes record 185.6 bln rouble Q2 profit

MOSCOW, Aug 23 (Reuters) - Sberbank, Russia’s largest bank, said on Wednesday it made a net profit of 185.6 billion roubles ($3.14 billion) in the second quarter, posting a record quarterly result and beating analysts’ forecasts.

Analysts polled by Reuters had forecast Sberbank would make 167.4 billion roubles in net profit in April-June.

Sberbank said its net interest income increased to 357.6 billion roubles in the second quarter from 339.3 billion roubles a year ago.

Provisions against bad loans declined to 89.1 billion roubles in April-June from 96.5 billion roubles in the same period of 2016. ($1 = 59.1235 roubles) (Reporting by Andrey Ostroukh; editing by Maria Kiselyova)

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