According to Russian accounting standards, Sberbank's net income is expected to amount to 30bn rubles (about $1bn) for 2002, Gennady Melikyan, the Deputy Chairman of Sberbank, told journalists today. He mentioned that in 2001 this figure was about 17bn rubles (about $550m).
The increase in deposits was about 43 percent last year. The advance in currency deposits was a bit higher than of ruble deposits, he said.
Moreover, in 2002 the volume of Sberbank's credits grew by about 60 percent.
The United States does not recognize the entry of Ukrainian territories into Russia. Such a development will seriously complicate prospects for a diplomatic settlement