Sberbank Posts Income Figures

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.

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