Sberbank CEO says no repeat of crisis in the short term

Sberbank CEO says no repeat of crisis in the short term

The crisis is not expected to erupt again in the short term as the economy has come out of recession, CEO of the Russia’s largest bank Sberbak German Gref said on the sidelines of the Munich Security Conference, TASS reports.

"There will definitely be a repeat of the crisis," Gref said. "However, in the short term we do not expect a repeat of the crisis."

"Speaking in the economic terms, the economy has come out of recession and got into stagnation," he added.

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