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    Russia's Sberbank posts 41% rise in RAS net profit in 2007

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    MOSCOW, January 29 (RIA Novosti) - Russia's state-run retail savings bank Sberbank said Tuesday its net profit calculated to Russian Accounting Standards (RAS) increased 41% year-on-year in 2007 to 126.05 billion rubles ($5.1 billion).

    Sberbank, which holds more than half of Russian household deposits, said its pre-tax profit grew 42% year-on-year in 2007 to 160.2 billion rubles ($6.5 billion).

    Russia's Central Bank controls more than 60% of Sberbank's voting stock.

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