Pessimism for a competitor
Alfa Bank did not appreciate the growth of Sberbank shares Ahead of the publication of Sberbank's preliminary results for 2003, which are expected early this month, its main pursuer in the retail market, Alfa Bank, noted a deterioration in Sberbank's "fundamental position." This, according to Alpha analysts, is evidenced by “a decrease in Sberbank’s share in the retail loan market to 43% and an increase in costs by 35%.” Nevertheless, they expect that Sberbank's profit for the year will not be