Russia's biggest bank upbeat on 2016

Russia's largest lender Sberbank on Thursday announced it almost tripled its profits in the second quarter and predicted further stabilisation of the economy this year despite credit growth slowing. CEO German Gref said the results came on the back of "some signs of stabilisation, such as the oil prices rising and the ruble strengthening", as well as expectations of a return to positive GDP growth in the second half of the year. Russia has been battered by the longest recession to hit the countr