2 Dec 2011 13:48

Sberbank plans putting $8-$8.5 bln of 2011 net profit into capital

MOSCOW. Dec 2 (Interfax) - Sberbank of Russia plans to put $8-$8.5 billion of net profits for 2011, which it reckons will be $10 billion, into the bank's capital, Sberbank President and Chairman German Gref said during a meeting with the lending organization's employees.

"We will make about $10 billion this year, of which $8-$8.5 billion will be capitalized. We will top off our capital more," Gref said.