OREANDA-NEWS. According to the quarterly financial statements made pursuant to requirements of the NBU, the net profit of SBERBANK OF RUSSIA JSC on a cumulative total from the beginning of 2014 has been 104 million hryvnias.

Amid the long-term difficult economic situation in the country, SBERBANK OF RUSSIA JSC has assigned UAH 2.3 billion to form reserves according to results of the first nine months of 2014 compared with 0.3 billion hryvnias for the same period last year.

Today, the capital adequacy of SBERBANK OF RUSSIA JSC is 14.5%, which is rather higher than the standard rate of 10% and proves the bank's strong financial position, stability and reliability.

The bank is timely and fully fulfilling its obligations to clients, has a strong liquidity reserve and a long-term development strategy.

SBERBANK OF RUSSIA JSC is one of the largest banks of Ukraine by assets. As of October 1, 2014, its total assets are 43.4 billion hryvnias, its capital is 3.8 billion hryvnias. The regional network of SBERBANK OF RUSSIA JSC consists of 180 branches located in all regions of Ukraine.