Sberbank Triples Profit in Second Quarter as Charges DeclineBy
Net income rises threefold to 145 billion rubles in year
Charges for bad loans fell 18 percent to 96.5 billion rubles
Sberbank PJSC almost tripled its profit in the second quarter, boosted by a drop in bad loans, as the Russian economy shows signs of emerging from its longest recession in two decades.
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