Gref: economy overheating peak passes
The peak of overheating in the Russian economy has been passed, though it is too early to speak about completion of this process, Sberbank CEO German …
German Gref
Russia lacks million IT specialists, Gref says
In Russia, the shortage of IT-specialists exceeds 1 million people. In the coming years, the personnel shortage in the IT sector will only increase, Gref predicts
Competitor to Mir payments system might be created in Russia
Sberbank chief Herman Gref said that Russian banks are discussing the creation of a competitor to the Mir payment system (its operator is the National System of Payment Cards, NSPC) with other market participants. "In …
Sber chief executive says Russian firms under sanctions have no one to count on
Russian companies have no one to count on amid tight sanctions-related restrictions, which should be a major driver of further development, Chief Executive Officer of Russia’s top lender Sberbank Herman Gref said at the Finopolis forum of …
Sberbank CEO says sees cbank’s key rate at 8.5% max
The central bank may raise the key rate by one percentage point to 8.5% since it is too low to fight inflation, and will start cutting it until the end of 2022, Russia’s top bank Sberbank CEO German Gref said in an interview with the …
Russia’s Sberbank CEO forecasts GDP to decline 3.4% in 2020
The Russian economy will decline about 3.4% in 2020, CEO of Russia’s top lender Sberbank Herman Gref said on Sunday in an interview with Rossiya-1 TV channel. "We see that according to the results of last year, Russia’s …
Sberbank CEO compares pandemic with 1998 financial crisis
Chief executive of Russia’s Sberbank German Gref compared the current pandemic with the 1998 financial crisis. "The government turned out to be in a bad spot, since during the second week of its existence it faced the …
Sberbank SEO expects ruble to strengthen at year end
Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at 60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …
Putin had to ‘snap’ at top officials to launch some major projects
Russian President Vladimir Putin said that it was quite a challenge to discuss a number of big infrastructure projects with Russia’s former Finance Minister Alexei Kudrin and former Economy Minister …
Russian government buys Sberbank
Russian Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender. The finance ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank …
Sberbank CEO could resign if...
Chief executive of Russia’s Sberbank German Gref said he could leave his post if a possible shareholder change at the bank results in a switch in its strategy. Gref is confident though that …
IMF - body which is completely out of picture
Sberbank CEO Herman Gref, speaking at the International Organization of Supreme Audit Institutions (INTOSAI) Congress, described the International Monetary Fund (IMF) as the body which is completely out of the picture. …
Sberbank hopes to close sale of Denizbank in July
Russia’s national top lender Sberbank has no plans to expand its international presence, Sberbank CEO German Gref said. "We have no international expansion plans," he said. The CEO of …
Sberbank shareholders reelect Gref as CEO
The shareholders of Russia’s biggest lender Sberbank reelected German Gref as CEO of the bank for a period of four years, at an annual general meeting today. The current contract of Gref will expire by …
Sberbank CEO names main threats for Russian economy this year
Sberbank CEO Herman Gref told about threats facing the Russian economy this year. "There is a threat of sanctions, as usual. Such uncertainty impacts our investment climate and the ruble. This year is a year of a …
Sberbank sets Russia's record in dividends
The supervisory board of Russia’s biggest lender Sberbank has recommended paying 361.4 billion rubles ($5.62 billion) in dividends for 2018, CEO German Gref said. The dividend payment will account …
Gref: Sberbank loses billions of rubles
Sberbank CEO Herman Gref said that the bank lost billions of rubles as a result of artificial intelligence errors. "Artificial intelligence, in general, makes decisions in large systems. A small mistake …
Gref: de-dollarization is right decision at macro level
Sberbank president and CEO Herman Gref believes that the dollar remains one of the main means of protection in Russia and the whole world. But de-dollarization, according to him, is strategically a very correct …
Sberbank CEO explains why anti-Russian sanctions trend will continue
The escalation of geopolitical tensions in the world continues, which means that the trend for sanctions, including those against Russia, will continue, head of Sberbank German Gref told reporters on Thursday at the Davos …
Gref assesses Western sanctions' impact on Russian economy
Western sanctions are not very sensitive for the Russian economy in the short-term, but the country will feel them later, Sberbank CEO German Gref told Rossiya 24 television channel. "The scale of sanctions is now …
