Sberbank has no plans to tap the eurobond market and has no immediate need for any fresh capital, the bank’s first deputy chief executive Bella Zlatkis said Wednesday.

“Sberbank has taken the decision not to issue additional shares. We need no capital hike,” Zlatkis told reporters, adding that the bank was unlikely to return to the issue of raising capital until the second half of 2010.

Sberbank recently announced that it expected to post at least 20 billion rubles ($698 million) in net profit in 2009 and that it was aiming for a much higher income next year.

 Sberbank has no plans to tap the eurobond market, Zlatkis said, despite an improvement in conditions as investor appetite for risk grows.

“We see no reasons for the bank to tap the eurobond market yet. We rather see the bank as an investor on the market,” Zlatkis said.