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EXCLUSIVE Delimobil, Cian lead Russian firms charge for New York IPOs this autumn -sources
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Exclusive-Delimobil, Cian lead Russian firms charge for New York IPOs this autumn -sources
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Share of non-performing loans decline Revenue from non-financial business jumps Sberbank sees net profit at around 1 trillion roubles in 2021 (Adds net profit forecast, releads)
MOSCOW, July 29 (Reuters) - Russia’s largest lender Sberbank expects to post around 1 trillion roubles ($13.7 billion) in net profit this year helped by the economic recovery and after it reported strong quarterly results on Thursday, an executive said.
Sberbank made 325.3 billion roubles in net profit in the second quarter, a record quarterly result amid the country’s economic recovery and a sharp cut in provisions against bad loans.
Last year, Sberbank missed its pre-pandemic target of 1 trillion roubles with a 10% decline in profit owing to provisions against bad loans, but maintained its dividend payout.
7/30/2021
MOSCOW, July 30 (Reuters) - VTB, will cease to own
a controlling stake in rail freight transportation firm
Rustranscom (RTC) within a year, Russia s second largest bank
told reporters, but did not disclose how this would happen.
VTB bought 50% plus one share in RTC, Russia s largest grain
railcar owner, for 29.6 billion roubles ($403 million) in 2019
when it was expanding in grain export infrastructure in Russia,
the world s largest wheat exporter. We have included a company that owns Rustranscom in the
list of companies held for sale, for disposal. We believe that
we will lose control of this company in the short term - on a
VTB to pass controlling stake in Rustranscom to its own grain holding - sources
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