Russia’s Sberbank expects profit to rebound this year

MOSCOW, March 9 (Reuters) – Russia’s largest lender Sberbank (SBER.MM) expects its profit this year to return close to levels before the Ukraine crisis, CEO German Gref said on Thursday after reporting a 78.3% slump last year owing to sweeping Western sanctions.

Sberbank made a 270.5 billion rouble profit last year, down from a record 1.25 trillion roubles in 2021.

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