22 Mar 2011 19:10

Sberbank's net interest margin will be no lower than 6.1%-6.3% in 2011

MOSCOW. March 22 (Interfax) - Sberbank Russia will post a net interest margin of no less than 6.1%-6.3% in 2011, Deputy CEO Anton Karamzin said during a conference call on Tuesday.

"We forecast virtually no change in the margin in 2011," he said, noting that the earlier forecast was the same, 6.1%-6.3%.

"Perhaps 6.2%-6.4%, but the likelihood is it will remain 6.1%-6.3%," he said.

The net interest margin fell to 6.6% in 2010 from 7.8% in 2009.

The net interest margin in the fourth quarter last year was 6.7% compared with 6.1% in the third quarter.

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