SBERBANK Sees 2M2007 Net Profit to RAS Fall 31.7% Y/Y

>From January to February 2007, SBERBANK’s net profit to RAS equalled R14 billion, said SBERBANK head Andrei Kazmin. SBERBANK’s net profit for January/February equalled R20.5b. Thus, the bank’s profit in the first two months of this year fell 31.7%. The bank’s pre-tax profit equalled R17.7b, compared to R22.6b last year at the same period.

Source: BANKIR.RU, March 14, 2007