UPDATE 1-Russia's Sberbank to clear provisions in 3-4 years

Newswire

*Provisions to rise until end 2010 then start to clear *Provisions can be cleared in part by selling off collateral *Continues to expect profit in 2009 through cost cuts (Adds quotes on provisions, deposits, Opel deal comments) MOSCOW, June 26 (Reuters) - Russia's largest lender, state-controlled Sberbank , will clear the bulk of current bad loan provisions within 3-4 years, Chief Executive German Gref told a shareholder meeting on Friday. "In three to four years we can get back ...

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