MOSCOW Dec 11 Russia's Sberbank
expects that its 2012 net profit under local accounting
standards will total at least 340 billion roubles ($11.06
billion), the bank's Chief Executive Officer German Gref told
reporters on Tuesday.
The state-controlled lender last month reported a 12 percent
increase in RAS net profit for the first 11 months of the year
to 332.3 billion roubles.
In 2011, its net profit under RAS came in at 321.9 billion
($1 = 30.7307 Russian roubles)
(Reporting by Katya Golubkova; Writing by Maria Kiselyova;
Editing by Vladimir Soldatkin)