Russia’s largest bank state-controlled Sber (Sberbank) posted RUB129bn profit in March 2024, up by 7% in seasonally adjusted month-on-month terms under Russian Accounting Standards, making net profit of RUB364bn ($3.9bn, up by 3.9% year on year and flat quarter on quarter) and return on equity of 22% in 1Q24 (25% ROE in 2023 under RAS). As followed by bne IntelliNews, Sberbank showed a rise of 21% year on year in RAS profit to a record-high RUB1.48 trillion ($17bn) in 2023, with RUB116bn RAS profit in December 2023 alone. Sber’s loan book grew by 1.2% m/m in March (up 1.1% year to date), drive…