Wednesday, August 22, 2007

Sberbank increases 7M07 net profit 15% to Rub 58.4 bln.

During the first seven months of 2007 Sberbank generated Rub 58.4 bln in net profit under RAS. These figures were shown in the lenders turnover balance sheet posted on its website. In the year-earlier period net profit came to Rub 50.7 bln, i.e. the lending institutions net profit climbed 15.2%. Sberbanks pre-tax profit totaled Rub 74.8 bln in January-July 2007 or 17.2% more than a year ago (Rub 63.8 bln).

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[Source: Russian Stock Market Blog]

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