The may profit of Sberbank fell more than a third

the Net profit of Sberbank grew in may this year by 40.4% yoy and amounted to 45.1 billion rubles, follows from the statements of the financial institution.

For the first 5 months of the year the Bank’s net profit decreased by 25.4% yoy to 275,3 billion.

As the materials, means of clients of Sberbank decreased by 0.2% excluding the currency revaluation, the funds of natural persons in may decreased by 0.9% for funds in ruble accounts.

we also Recall that in late may it became known that the Bank had sold two-thirds of its gold reserves since last fall. So, from 1 November, the Bank sold nearly two-thirds of its gold reserves: at this point, the Bank was kept 22.5 tons of gold, and by may 1 there were 9 tons, noted the “Interfax” with reference to data of the Central Bank of the Russian Federation.

At the same time, pointed to the source Agency in one of the banks, because of the coronavirus, and the ban on international flights gold ceased to export in a traditional way, in the baggage compartments of passenger aircraft, and began to Charter to Charter flights. According to the source, in April, “organized by the special air service by prompt delivery of precious metals (gold, silver) from Russia to the UK”.

the Sale of gold, which earlier bought up in reserves, the Central Bank seeks to cover the shortage of oil revenues and to equalize the balance of payments.

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