Russia’s SBERBANK forecasts net profit to grow to R75 billion this year, said First SBERBANK Deputy CEO Alla Aleshina. The pretax profit is projected at R97b, up 19% Y/Y. Assets will reach R3.4 trillion as of late 2006, increasing by 31% from the start of the year. SBERBANK expects the capital to peak at R330b as of the year-end, up 30% from January 2006.
Source: BANKIR.RU, October 24, 2006
