Bloomberg Sberbank PJSC reported record first-quarter profit, better than analyst estimates, as provisions and financing costs declined. Net income rose to 118 billion rubles ($1.8 billion) from 30.6 billion rubles in the first quarter last year, Russia’s biggest lender said in a statement on Wednesday. That was better than the average estimate of 102 billion rubles from six analysts ...

  Bloomberg UniCredit SpA’s decision to replace Chief Executive Officer Federico Ghizzoni after almost six years at the helm paves the way for a strategy review that may include a capital increase and asset sales, according to analysts. Ghizzoni will depart once a successor has been chosen, the Milan-based bank said in a statement. Chairman Giuseppe Vita will lead the ...

Bloomberg Indonesia’s central bank is considering loosening lending regulations to help stoke credit growth in Southeast Asia’s largest economy. One possible measure is to let homeowners take out loans to purchase a second property “off the plan,” or one that is pre-construction, Mirza Adityaswara, senior deputy governor at Bank Indonesia, said in an interview in Jakarta. Another option is raising ...