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Sberbank's profit in January-August 2012 reached 240 billion rubles

October 08, 2012, 15:39 UTC+3
The bank hopes to increase its profit in contrast to 2011
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Photo ITAR-TASS

Photo ITAR-TASS

MOSCOW, October 8 (Itar-Tass) — Russia’s largest retail savings bank, Sberbank, hopes to increase its profit in contrast to 2011. Sberbank CEO German Gref told Russian President Vladimir Putin the bank’s profit in January-August 2012 reached 240 billion rubles, which is 8-10 percent higher than that in the same period last year.

“Our net profit in January-August totaled 239 billion rubles,” Gref said. “It’s approximately 8-10 percent higher than last year’s. We believe that by the end of this year we shall increase the profit in contrast to last year,” the bank’s president said. “We have a stable financial result, we make about 27-29 billion rubles a month. We shall continue to make profits at about the same pace till the end of the year,” he said.

Also, Gref said that Sberbank’s interest income in January-August against the same period of last year increased by 26 percent.

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