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Sberbank Sees Bigger Profit

By The Moscow Times

Sberbank is set to post a 2010 net profit of at least $4 billion to $5 billion — more than previously expected, German Gref, the state bank’s chief executive, said Thursday.

“Previously, we talked about 100 billion rubles ($3.3 billion), but now we can see that … our net profit will be at least $4 billion to $5 billion this year,” Gref told a conference in Kiev. 

(Reuters)


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