MOSCOW, May 18 (RIA Novosti) - Sberbank (RTS: SBER) said Thursday that its net profits calculated to Russian accounting standards had increased by 260% year on year in 2005, to 65.808 billion rubles ($2.4 billion).
The Russian state-owned savings bank said its pre-tax earnings had grown 280% to 87.621 billion rubles ($3.2 billion).
As of December 31, Sberbank's assets stood at 2.531 trillion rubles ($93.7 billion), up 30.7% year on year. Shareholder equity grew 50.7% to 231.069 billion rubles ($8.5 billion) in the year.
The Central Bank of Russia holds more than 60% of shares in the bank, with the remainder distributed among over 200,000 legal entities and individuals.
