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    Russia's Sberbank posts 25% net profit growth in 1H08

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    MOSCOW, July 21 (RIA Novosti) - Russia's state-controlled retail savings bank Sberbank said on Monday its net profit calculated to Russian Accounting Standards grew 24.5% year-on-year in January-June to 66.6 billion rubles ($2.9 billion).

    Sberbank, which holds more than half of Russian household deposits, said pre-tax profit grew 39.6% in the reporting period to 91.6 billion rubles ($3.9 billion).

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

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