Sberbank has justified the forecast on record profits

Net profit of Sberbank in the first quarter of 2011 amounted to 83.9 billion rubles. This is stated in a press release of the credit institution. For the three months to Sberbank managed to earn almost half of all net profit for the year 2010, which amounted to 174 billion rubles. Pretax profit of the largest bank of Russia in the first quarter of 2011 amounted to 93.6 billion rubles. Compared to the same period last year (45.4 billion rubles). Sberbank earned about twice as much. The bank's assets over the same period increased by 22 billion rubles. and reached 8.569 trillion rubles. The volume of household deposits by end-March increased by 29 billion - up to 4.843 trillion rubles. Recall that in late 2010, President of Sberbank German Gref predicted that in 2011 net profit will exceed the threshold of 200 billion rubles. Analysts believe that now the failure of this forecast is highly unlikely.