Sberbank posts RAS performance

Sberbank's net income under the Russian Accounting Standards increased by 15.5 percent to RUR48.3bn (approx. USD1.7bn) in September. In the period from January to September 2005, the bank's net income increased by 43.3 percent from a corresponding period of 2004.

Sberbank's capital climbed by 2 percent to RUR239.3bn (approx. USD8.4bn) in September. The bank's earnings amounted to RUR63.3bn (approx. USD2.2bn). Sberbank's loan portfolio increased by 2.8 percent to RUR1.7 trillion (approx. USD61.3bn) in September. As of August 1, ruble denominated individual deposits placed with Sberbank accounted for 61 percent of overall amount of individual deposits placed with Russian banks. The rate of foreign currency denominated deposits was 42.5 percent.