18 June 2004 21:40
Sberbank forecasts H1 net of 21.6 bln rubles
MOSCOW. June 18 (Interfax) - Sberbank, Russia's biggest savings institution, could have profits of 26.8 billion
rubles before tax and net profit of 21.6 billion rubles in the first half of 2004, said Andrei Kazmin, the bank's
chairman.
Kazmin told Sberbank shareholders at their annual general meeting that the bank's common shares had soared in
value to $400 a share from $261 at the start of the year. Sberbank's capitalization reached $8 billion by June 17,
Kazmin said. [RU ASIA EUROPE EEU EMRG BNK RESF CORA STX] pr
[Interfax] |
RUSSIA IN FACTS
