July 30, 2020 / 7:52 AM / in 11 days

Russia's Sberbank says second quarter net profit down 33.4%

The logo of Russian bank Sberbank is seen on a screen during a session of the St. Petersburg International Economic Forum (SPIEF), Russia June 6, 2019. REUTERS/Maxim Shemetov/Files

MOSCOW (Reuters) - Russia’s largest bank Sberbank said on Thursday its net profit in the second quarter fell 33.4% in year-on-year terms to 166.7 billion roubles ($2.28 billion).

The bank’s net interest income rose 12.9% to 398.5 billion roubles in April-June of 2020.

($1 = 73.1400 roubles)

Reporting by Andrey Ostroukh and Tatiana Voronova; Editing by Alison Williams

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