MOSCOW, June 16 (RIA Novosti) - Sberbank (RTS: SBER) posted a net profit in January-May 2006 of 37.1 billion rubles ($1.37 billion), the chairman of the board said Friday.
"In the first five months the bank is showing development rates equal to last year's figures," Andrei Kazmin said.
Kazmin said the state-owned savings bank's 2005 net profit calculated to Russian Accounting Standards was 62.9 billion rubles ($2.33 billion) and 65.8 billion rubles ($2.43 billion) in line with International Accounting Standards. Return on equity was at 27.8%.
Sberbank entered the FT Global 500 for the first time in 2006, taking 232nd place, with a market capitalization of $29.2 bln.
