For the nine months of 2008 Sberbank increased its profit by 29%

For the nine months of 2008 on International Financial Reporting Standards (IFRS), Sberbank increased its profit by 29% to 90.2 billion rubles from 69.9 billion rubles for the same period in 2007, the press office of the bank. During this period, the bank's assets grew by 18% - to 5,8 billion rubles. On October 1, 2008 level of delay in the Bank's loan portfolio totaled 1.52% (1.47% at June 30, 2008). Own funds increased by 10.9% to reach 706.4 billion rubles. Sberbank managed to maintain good margins, do not show large cost increases, an analyst at Alfa Bank Olga Naidenova. "Anyway, for the 3 quarter is not seen deterioration in loan portfolio quality. But in the 4 th quarter, of course, the loan portfolio began to deteriorate," - says Oleg Naidyonov. Only after appearing statements for the 4 quarter will be clear how much of the portfolio of the Savings Bank non-performing loans. In general, now we need to refrain from buying shares in banks, says an analyst at Alfa Bank. Only in the summer the situation is clarified, and will understand how all the bad signs Olga Naidenova.