Sberbank reported earnings results for the month and year to date ended of December 2017. For the month of December, the bank earned RUB 49.9 billion in net profit. For the full year of 2017, the company’s net interest income increased by 7.7% to exceed RUB 1.2 trillion for the year. The increase was driven throughout the year by declining interest rates on client funds and the expansion of retail loan portfolio. Net profit before income tax came at RUB 848 billion for 2017, while net profit, excluding effect of subsequent events, totaled RUB 674 billion.