Sberbank Q1 IFRS Profit jumps 16%
Published: 25 July, 2008, 10:53
Russia’s largest Bank, Sberbank has unveiled a 16% jump in Q1 net profit to $1.33 Billion, up from $1.14 in the same period 2007.
The Banks loan portfolio increased 8% over the quarter to reach more than $181 Billion, with assets up 6% to more than $224 Billion.
Sberbank is looking to restrict expenses growth to less than 22% for this financial year despite increasing inflationary pressure.
25.07.2008, 10:35
Prime minister Putin calls for pipemaking industry to move to new technological levelPrime Minister Vladimir Putin has proposed solutions for holding down prices on the domestic black metals market.During his visit to one of Russia’s oldest metallurgical plants, Putin called for cuts in import duties, and investment in new technology. |
25.07.2008, 11:09
Kamaz in talks to sell 42% stake to DaimlerThe management of Kamaz, major shareholder, Troika Dialog, and German automaker Daimler, are in talks which could see Daimler take a 42% stake in the Russian truckmaker. |
