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Sberbank IFRS net profit climbs 25.8% to $3.2 bln in 2006 -1

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MOSCOW, May 2 (RIA Novosti) - Russia's state-controlled retail savings bank Sberbank [RTS: SBER] said Wednesday its net profit, calculated to International Financial Reporting Standards (IFRS), climbed 25.8%, year-on-year, in 2006, to 82.8 billion rubles (about $3.2 billion).

Pre-tax profit grew 24.4% to 109.02 billion rubles (about $4.2 billion), Sberbank said.

The value of Sberbank's assets calculated in accordance with International Financial Reporting Standards increased 37.9% in the reporting period to 3,467 billion rubles (about $134.4 billion), the bank's equity grew 33.5%, to 308.52 billion rubles (about $11.9 billion), and earnings per ordinary share climbed 25.7%, to 4,343 rubles (about $168).

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