OREANDA-NEWS. Sberbank (hereafter "the Group") has released its interim condensed consolidated IFRS financial statements as at 30 June 2015 and for the six months ended 30 June 2015, with review report by Ernst & Young Vneshaudit.

Net profit for Q2, 2015 increased by 78.4%, to RUB 54.6 bn (RUB 2.50 per ordinary share) compared to RUB 30.6 bn (RUB 1.42 per ordinary share) for Q1, 2015.

Net profit for the six months ended 30 June 2015 decreased to RUB 85.2 bn (RUB 3.92 per ordinary share) compared to RUB 170.4 bn (RUB 7.79 per ordinary share) for 1H 2014.

Total comprehensive income for 1H 2015 remained stable at RUB 152.1 bn compared to RUB 149.4 bn for 1H 2014.

Net interest income for 1H 2015 declined by 12.8% to RUB 427.4 bn, compared to RUB 489.9 bn for 1H 2014.

Net fee and commission income for 1H 2015 increased by 17.3% to RUB 146.8 bn, compared to RUB 125.1 bn for 1H 2014.

The Group's operating income before provision charge for impairment of debt financial assets for 1H 2015 increased by 3.6% to RUB 643.7bn compared to RUB 621.1 bn for 1H 2014.

Operating expenses for 1H 2015 increased by 12.4% year-on-year while Cost to Income ratio in Q2, 2015 improved to 43.3% compared to 45.8% in Q1, 2015. This ratio for 1H 2015 was equal to 44.5% versus 41.0% in 1H 2014.

Net provision charge for loan impairment for 1H 2015 amounted to RUB 232.4 bn, translating to Cost of risk of 250 basis points.