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Russia’s biggest retail savings bank Sberbank hopes to post a 100-billion-ruble profit this year
Russia’s biggest retail savings bank Sberbank hopes to post a 100-billion-ruble profit this year, its president, Andrei Kazmin told Russian President Vladimir Putin at a working meeting in the Kremlin on Monday. “In January-September the net profit totaled 80 billion rubles, but according to data available as at October 1 we are slightly behind last year’s parameters. Anyway, the bank’s profit plan is oriented towards the 100-billion-ruble benchmark. Moreover, there are reasons to believe that we shall be able to meet this target despite the negative market trends,” he said.
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