German Gref

Sberbank CEO says sees cbank’s key rate at 8.5% max

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

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

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

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 …

Russian government buys Sberbank

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...

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

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

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

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 sets Russia's record in dividends

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

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

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 …

Gref assesses Western sanctions' impact on Russian economy

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 …

Sberbank reducing its presence in Europe

Sberbank reducing its presence in Europe

Russia's Sberbank intends to reduce its presence in Europe, but expand it in Kazakhstan and Belarus, the head of the state bank Herman Gref said. "We stay in Europe, Belarus, Kazakhstan and …

Everyone included in 'Kremlin report'

Everyone included in 'Kremlin report'

The U.S. Treasury Department has released "Kremlin report" - the list of Russians who are potential targets for future U.S. sanctions. The list has the names of 114 senior politicians and members of the Russian leadership, as well …