MOSCOW, August 24 (RIA Novosti) - Sberbank [RTS: SBER], Russia's state-run household savings bank, said Thursday its net profit rose 28.8%, year-on-year, in the first seven months of 2006 to 50.7 billion rubles (about $1.87 billion).
Sberbank, Russia's largest bank, with 60.57% of its shares controlled by the Central Bank, said its pre-tax profit rose 27.1% in the reporting period, to 63.8 billion rubles (about $2.36 billion), and its equity capital expanded 22.6%, to 311.8 billion rubles (about $11.5 billion).
Sberbank's credit portfolio stood at 2,245 billion rubles (about $83.1 billion) as of August 1, including 1,648 billion rubles (about $61 billion) in loans extended to corporate entities.
Balances of household deposit accounts with Sberbank totaled 1,740 billion rubles (about $64.4 billion) as of August 1. Sberbank's share in total household deposits was 57.3% for ruble-denominated deposits, and 42.1% for foreign currency deposits as of June 1, the bank said.
Sberbank's branch network includes 17 regional banks, 897 branches and 19,179 internal divisions as of August 1.
