UPDATE 1-Russia's Sberbank's 2013 net profit up 4 pct, misses target

(Adds details about provision charge, loans)

MOSCOW, March 27 (Reuters) - Sberbank, Russia's biggest bank, posted a 4.1 percent rise in 2013 earnings due to increased lending but failed to meet its target because of an increase in provisions for loan-losses as Russia's economy deteriorates.

Sberbank's CEO, German Gref, said this week that Russia was at risk of recession as investors pull money out of the country, with growth likely to evaporate if capital outflows rises.

Sberbank said full-year net profit was 362 billion roubles ($10.2 billion). Last August, the lender trimmed its estimate for full-year net profit to 370 billion roubles, at the lower end of a previous forecast range of 370-390 billion roubles.

Its net provision charge for bad loans for 2013 came to 133.5 billion roubles, most of which was consumer and individual loans, compared to 21.5 billion roubles the previous year.

Banks have been increasing provision charges as the economy deteriorates, making it more likely that companies and individual borrowers will find it harder to repay loans.

However, Sberbank said the proportion of non-performing loans fell to 2.9 percent compared to 3.2 percent the previous year. ($1 35.5012 Russian Roubles)

(Reporting by Maria Kiselyova, Katya Golubkova and Megan Davies, Editing by Elizabeth Piper and Timothy Heritage)