Russia's Sberbank improves 2016 guidance after record profit

August 25, 2016 1:47 PM

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MOSCOW Aug 25 Russia's top bank Sberbank on Thursday improved its guidance for certain financial metrics for this year, according to a presentation.

Sberbank said it now expects return on equity in 2016 in the high teens, versus previous guidance of mid-to-high teens, and cost of risk of around 200 basis points (bps) versus 200-250 bps previously.

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