Sberbank Triples Profit in Second Quarter as Charges Decline

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  • 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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