Russia's Sberbank net profit in 10M08 grows 0.4% to $4.1 billion

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MOSCOW, November 25 (RIA Novosti) - The Russian state savings bank Sberbank said Tuesday its net profit calculated to Russian Accounting Standards grew 0.4% to 113 billion rubles ($4.1 billion) in the first ten months of 2008 against the same period last year.

Pre-tax profit grew by 2.9% to 143.7 billion ($5.3 billion).

Sberbank's main shareholder is Russia's Central Bank, which holds over 60% of voting shares.

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