IMF Executive Board decides on $1.8 billion conditional loan for GreeceBusiness & Economy July 21, 3:34
ExxonMobil launches legal challenge to finding it violated US sanctions against RussiaBusiness & Economy July 21, 1:36
Russian Knights aerobatic team to perform at Dubai airshowMilitary & Defense July 20, 21:28
Russia looks to its Navy to become world secondMilitary & Defense July 20, 19:10
ExxonMobil disagrees with US Treasury Department’s decision to assess fineBusiness & Economy July 20, 18:45
Putin signs decree on Russia’s navy policy until 2030Russian Politics & Diplomacy July 20, 18:39
Putin personally congratulates human rights champion Alexeyeva on her 90th birthdaySociety & Culture July 20, 18:20
Russian boxer Povetkin reinstated into WBO’s ratings, ranked eighthSport July 20, 18:08
Russia’s Syria campaign spending within current combat training costs — Defense MinistryMilitary & Defense July 20, 17:59
DAVOS, January 24 (Itar-Tass) - Sberbank was planning to service wealthy customers in Germany, Sberbank’s Deputy Chairman of the Board Sergey Gorkov told journalists behind the scenes of Davos Economic Forum.
“We are awaiting a permission from the Austrian regulator to start a business in Germany,” he said adding a decision was expected soon. In Germany Sberbank would develop private banking.
The bank currently has a representation in Germany and is also intending to expand its presence in the Czech Republic.
“We’ll open 20 new branches there. It is a good market, a good country,” Gorkov said.
Sberbank now has a subsidiary bank Sberbank Europe headquartered in Austria and managing a network of nine subsidiaries in eight countries of Central and Eastern Europe: Slovakia, the Czech Republic, Hungary, Slovenia, Croatia, Bosnia and Herzegovina, Serbia and Ukraine. The bank also has a subsidiary operating in Switzerland.
According to Gorkov, Sberbank is also keen to develop business in Asia.
“China is of potential interest for us,” he said adding no particular steps were yet planned in this direction.