Russian Financial Control Monitor
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MOSCOW. Sberbank hopes that the contribution of its foreign assets to its aggregate net profit will exceed the target figure for the year, President and CEO Herman Gref said.
'In the first six months of the year, we earned RUR14.5bn (over $440mn) in international markets,' he said. 'Before the end of the year, we hope to earn about $900mn of net profit in foreign markets. This will be the first year for us to receive returns on our foreign investment,' he emphasised. |
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