MOSCOW, May 26 (RIA Novosti) - Sberbank's (RTS: SBER), Russia's state-owned savings bank, said Friday its net profits, calculated according to Russian Accounting Standards, had grown 36% year on year in the first four months of 2006, to 28.4 billion rubles ($1.05 billion).
Pre-tax profits jumped 41% year on year, reaching 34.5 billion rubles ($1.28 bln) as of May 1, the bank said in a statement.
Shareholder equity stood at 309 billion rubles ($11.4 bln), up 39% year on year and the loan portfolio reached 2.1 trillion rubles ($78 bln), the bank said.
Funds on individual accounts stood at 1.6 trillion rubles ($59.3 bln), whereas funds on corporate accounts aggregated 672 billion rubles ($24.9 bln).
Sberbank accounted for 58% of individual ruble accounts and 41.3% of foreign currency accounts in Russia's commercial banks as of March 1.
The Central Bank of Russia holds more than 60% of shares in the bank, with the remainder distributed among legal entities and individuals.
