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Home  »  Russia  »  Economics

The head of Sberbank of Russia wants to sell a large stake in the "most popular" bank.

According to Herman Gref, Russia has a budget deficit, why not sell a controlling stake in Sberbank, to minimize this gap.

Head of Savings Bank of Russia Herman Gref at held at Davos World Economic Forum, said that he considered it possible to reduce the government stake in Russia's largest bank to 50% plus 1 share. The State is sufficient to maintain the "most popular" Russia's share in the bank rate of 25% + 1 share. Speaking about the sale of controlling interest in Sberbank, Gref referred to the budget deficit of Russia, which can be covered in this way.

decline in the share capital of the State Savings Bank would bail out the $ 40-50 billion

Most people keep their meager contributions to the Savings Bank, knowing that its main shareholder of the Central Bank. The State, represented by the Central Bank owns 57.6% stake in Sberbank.

Finance Minister Alexei Kudrin believes that we must wait with privatization in the banking sector. The crisis is not the best time to sell any assets. In addition, one should begin with VTB. VTB owned by the government at 85.5%.

Immediately after the remarks Alexei Kudrin and Herman Gref, Sberbank's shares are expensive.


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