(Adds assets figures, details in paras 2-4)
MOSCOW, August 24 (RIA Novosti) - Sberbank, Russia's largest state-controlled savings bank, said Friday its net profit calculated to International Financial Reporting Standards rose 34.3% to 26.7 billion ($1.04 billion) in the first quarter of 2007, year-on-year.
This is Sberbank's first-ever quarterly report filed to International Financial Reporting Standards.
Sberbank's pre-tax profit in the first three months rose 27.7% to 33.53 billion rubles ($1.28 billion) year-on-year.
The bank also said its assets (IFRS) rose 13.56% in the first quarter of the current year to 3.94 trillion rubles ($151.5 billion), year-on-year.
