Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
NOVO-OGAREVO, August 5 (Itar-Tass) - The Chief Executive Officer of Sberbank German Gref has briefed President Vladimir Putin on his five-year work and said that the bank’s assets should reach 17 trillion rubles by the end of the year.
“In October we will hold a Supervisory Board meeting putting forward a new five-year strategy and we are ready to report on how we have implemented our previous five-year strategy,” he said adding that for five years the bank’s assets have increased more than three-fold.
“In early 2008, the bank’s assets totaled 4.9 trillion rubles, while in late 2013 we hope to see around 17 trillion rubles,” Gref said. “Respectively, our profits have increased 3.5 times and our investments into new technologies - approximately three times.”
“For five years we have drastically reformed the bank’s technology core and invested huge funds into new technologies and into reformatting our offices,” Gref said. “But we feel a catastrophic lack of time and money to keep pace with our competitors and the most advanced banks on the western markets.”
“In the first six months of this year we have already earned 14.5 billion rubles on international markets. We hope that by the end of the year we hope to earn around $900 million in net revenue on foreign markets,” Gref said adding that Sberbank had already opened its offices in 20 countries.