17 Jun 2011 11:21

Sberbank RAS net profit in 2011 may total 250 bln-270 bln rubles - Gref

ST. PETERSBURG. June 17 (Interfax) - Sberbank Russia may post a net profit of 250 billion-270 billion rubles in 2011 under Russian accounting standards (RAS), Sberbank President and CEO German Gref told journalists on the sidelines of the St. Petersburg Economic Forum.

"We had about 137 billion rubles in the first five months. I think it might be 250 billion-270 billion rubles for the full year," he said.

It was reported earlier that Sberbank posted an RAS net profit of 136.937 billion rubles in January-May 2011, 140% more year-on-year. The profit in May was 25.767 billion rubles.

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