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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Russia's giant state-owned bank Sberbank said Thursday it recorded a 10 percent drop in net profit last year as a result of the coronavirus pandemic. But it was spared additional damage thanks to Russia not re-introducing a nationwide lockdown when it was struck by a second wave of infections. After a difficult start to 2020, Sberbank rebounded in the second half to generate a net profit of 760.3 billion rubles (8.5 billion euros, $10.3 billion). Sberbank chief Herman Gref attributed the rebound to the absence of a further lockdown, saying the bank "managed to quickly restore business once restrictions were lifted". Overall loans grew by 15 percent as small- and medium-sized businesses, plus individuals borrowed more money to cope with the economic fallout from the health crisis. Working "with the government and businesses, we became an important player in the collective fight against the consequences of the pandemic," Gref said. He said Sberbank had "started offering support to individuals and businesses from the beginning of the turmoil." Sberbank has nearly 100 million customers, mostly in Russia but also in several former Soviet and eastern European countries. Last year, the group embarked on a major transformation, rebranding itself as a tech company. It changed its logo and brand, renaming itself as Sber, and presented a range of new products including a virtual voice assistant and an audio-streaming service. Gref said the group aims to create an "integrated ecosystem around the client" by 2023. Last year was also marked by the divorce after 10 years with partner Yandex, ending a joint project with the tech giant to develop a so-called Russian Amazon. The break-up was accompanied by Sberbank acquiring a major stake in Mail.ru, Yandex's main competitor. apo-emg/jbr/bmm
schema:headline	Russia's Sberbank posts 2020 profit, pushes tech ambitions
schema:mentions	Ecosystem Sberbank of Russia Russian ruble Soviet Union Amazon rainforest Lockdown Russia Pandemic Russian language Coronavirus The Break-Up Herman Gref Mail.Ru Yandex
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-04 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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