Sberbank reported non-consolidated earnings results for the month and year to date ended December 2017. For the months, the company earned net profit of RUB 270 billion. For the year, the company’s net interest income increased by 7.7% to exceed RUB 1,200 billion for the year. The increase was largely driven throughout the year by declining interest rates on client funds and the expansion of retail loan portfolio. Operating income before provisions increased by 19.4% for the year, thus outpacing operating expenses by a significant margin of 17.2 p.p. Net profit before income tax came at RUB 848 billion for 2017, while net profit, excluding effect of subsequent events, totaled RUB 674 billion. The Bank is now accounting for events after the reporting date.  The total impact of these events is expected at the level of 2016.