Bloomberg News

Sberbank Climbs Second Day After First-Quarter Profit Advances

May 10, 2012

OAO Sberbank climbed for a second day after Russia’s biggest lender increased profit about 14 percent in the first four months of the year.

The stock gained 1.7 percent to 90.80 rubles as of 10:23 a.m. in Moscow, extending a 1 percent advance on May 8 and headed for its strongest level in a week. Russian markets were closed for a public holiday yesterday.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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