Russia's dominant lender Sberbank on Friday reported an 11.3% increase in first-quarter net profit to 397.4 billion roubles ($4.32 billion) and sharply raised its retail loan growth forecast for the year.

Russia's state-owned Sberbank announced a first-quarter net profit of $4.32 billion, an 11.3% increase over the same period last year, Reuters reported on April 26.

MOSCOW (Reuters) - Russia's dominant lender Sberbank on Friday reported a first-quarter net profit of 397.4 billion roubles ($4.32 billion), up 11.3% from a year earlier.

Russia's largest lender, state-owned Sberbank will make a record annual dividend payout of 750 billion roubles ($8.04 billion) on its 2023 results, CEO German Gref said on Tuesday.

Support independent journalism in Ukraine. Join us in this fight. Become a member Support us just once The Russian state-controlled Sberbank has disclosed a net income of $4.32 billion for the first quarter,