Sberbank in April to sell shares of Visa on 7 billion roubles


Moscow. May 10. INTERFAX.RU – the savings Bank and in April received one-off income from the sale of shares in Visa, which has a positive impact on the dynamics of operating income before provisions, the Bank said.

During the conference call, the Bank representative said that as a result of the sale of shares in Visa were obtained profit in the amount of 7 billion rubles. The savings Bank has sold all of its securities of the company, the share of Visa the representative of the Bank refused to name.

Operating income before provisions in January-April 2017 increased by 19.5 per cent to 512,1 billion. This figure in April of current year has made of 139.6 billion, an increase of 26.8% compared with 110.1 billion rubles in April 2016. Income from operations with securities, which reflects the sale of Visa stock, the Bank did not disclose.

Sberbank in March 2017 sold shares of MasterCard, which has received over the last month to 9.7 billion rubles in income from operations with securities. Operating income before provisions in the first quarter of 2017 increased by 16.9% to 372,5 billion.

Details of the transactions for the sale of Sberbank shares in MasterCard and Visa were not disclosed. Also not known fully, the Bank left capital MasterCard or not. Earlier it was reported that Sberbank is considering selling shares of Visa and MasterCard in 2017.

Source