Sberbank posts rise in H1

Over the first six months of 2003, the profit of the Russian savings bank Sberbank surged to RUR23.5bn (around $776.1m), which is 24.3 percent higher than in the corresponding period of 2002. This data was provided by the bank's profit-and-loss report submitted by Sberbank to the Russian Central Bank. In the reported period, Sberbank's incomes amounted to nearly RUR271.377bn ($8.96bn) and expenses totaled about RUR247.883bn ($8.19bn).

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