MOSCOW, November 23 (RIA Novosti) - Sberbank [RTS: SBER], Russia's state-controlled retail savings bank, said Thursday its net profit increased 15.9%, year-on-year, in the first 10 months of 2006, to 72.9 billion rubles (about $2.7 billion).
Andrei Kazmin, Sberbank's chief executive, earlier said the bank planned to receive a net profit of 75 billion rubles (about $2.8 billion) by the end of the year.
"By the results of 2006, we'll reach a record level - net profit will total no less than 75 billion rubles ($2.8 billion)," Kazmin said.
