22 Nov 2012 16:44

Sberbank expects around $13 bln in net profit for 2013, ROE to top 20% -Gref

FRANKFURT ON THE MAIN. Nov 22 (Interfax) - Top Russian bank Sberbank expects to post around $13 billion in net profit for 2013 with return on equity (ROE) at over 20%, the bank's President and CEO German Gref told journalists on the sidelines of Euro Finance Week in Frankfurt.

"We expect ROE at over 20%. Net profit will be around $13 billion," he said.

The bank still hopes to post more profit this year than it did in 2011, Gref added. However, he did not provide a figure for Sberbank profit in 2012.