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Sberbank's non-financial business ended the year with profit for the first time

Sberbank's non-financial business ended the year with profit for the first time
Photo: Sberbank press service

At the end of 2020, Sberbank's non-financial sector achieved positive financial performance for the first time. Compared to 2019, they increased 2,7 times.

According to the agency PRIME, in 2019 such companies of the group showed losses of 1,5 billion rubles, and in 2020 they made a profit of 8,6 billion rubles before tax. The total revenue in this segment amounted to 71,8 billion rubles.

At the same time, the value of such assets increased sharply - by 3,5 times. Now the non-financial sector of the Sberbank ecosystem is estimated at 136,6 billion rubles.

The group includes e-commerce, transport and food services, health, entertainment, mobile communications. The same group includes B2B services, job search, selection and support of real estate transactions and some other areas.

Sberbank's payments business also showed a third increase in profits. The total amount of these assets before tax was 204,9 billion rubles.

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