MOSCOW, April 14 (RIA Novosti) - Russia's state-controlled savings bank Sberbank said on Monday its net profit calculated to Russian Accounting Standards grew 39.4% year-on-year in the first quarter of 2008 to 36.1 billion rubles ($1.5 billion).
"The bank's performance is quite positive," Sberbank CEO German Gref said.
Sberbank holds more than half of Russian household deposits. Russia's Central Bank controls more than 60% of Sberbank's voting stock.
