Net profit of Sberbank under RAS for 11 months exceeded 1.1 trillion rubles

Sberbank’s net profit in accordance with Russian accounting standards (RAS) from January to November increased 1.6 times. For 11 months, the bank received 1.147 trillion rubles. profit, follows from its reporting. In November, Sberbank earned a net profit in the amount of 101.6 billion rubles. against 78 billion rubles. a year earlier. At the end … Read more

Share protection // In November, foreign exchange assets brought profit to the shareholders

The last fall month proved to be successful for mutual funds focused on foreign exchange assets: high-tech stocks, precious metals and Eurobonds. The value of shares of such mutual funds increased by 3-18%. At the same time, the funds of Russian stocks and bonds showed a noticeable decrease in the value of shares, but at … Read more

Russian business received a record sales profit in 2.5 years

From January to June 2021, the profitability of goods and services sold by Russian large and medium-sized enterprises reached 12.5%. This became the maximum since the second half of 2018, when this figure was 12.7%, according to a study by the auditing company FinExpertiza (available from Kommersant). According to experts, in the first half of … Read more

Islands of Tax Benefits // The White House Considered a Bill on Preferences in the Kuril Islands

The bill on tax preferences for new projects in the Kuril Islands was considered by the government yesterday. The term of application of the previously named benefits – exemption from taxes on profits, transport, land and property, reduction of the rate of insurance premiums – has been doubled, to 20 years. The White House expects … Read more

Net profit of VEB.RF under IFRS for nine months increased to 14.7 billion rubles.

In the first three quarters of 2021, VEB.RF received a net profit of 14.7 billion rubles – against a loss of 29.7 billion rubles. for the same period last year. This financial result, according to Andrey Moskovskikh, Chief Financial Officer of VEB.RF, is due to an increase in net interest and commission income. The group’s … Read more