22 Mar 2011 18:43

Sberbank IFRS net profit in Q1 to be higher than RAS figure - Karamzin

MOSCOW. March 22 (Interfax) - Sberbank Russia's first quarter net profit under International Financial Reporting Standards (IFRS) will be higher than the net profit under Russian accounting standards (RAS), Deputy CEO Anton Karamzin said during a conference call on Tuesday.

"Yes, overall we expect that," he said when asked if the IFRS profit would be higher.

Sberbank is maintaining its net profit forecast for the full year, he said.

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