Sberbank's income calculated in accordance with Russian accounting standards amounted to 14.5bn rubles ($466m) as of April 1, 2003, which was 42.1 percent higher than on April 1, 2002. The bank's net income was 13bn rubles ($418m) on April 1, 2003, a 42.8 percent increase compared to the result in the first quarter of 2002. The bank's capital in the first quarter of 2003 was 99.4bn rubles ($3.2bn), which was a 30.5 percent decrease. Sberbank's credit portfolio was 609.9bn rubles ($19.6bn) as of April 1, 2003, the press service of the bank reported.
According to the results of the first quarter of this year, Sberbank had 1,140 branches and 19,007 internal departments.
President Joe Biden will soon regurgitate on the public the words of George W. Bush uttered in 2002