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Sberbank does not need additional capitalisation from state - CEO

November 09, 2014, 10:39 UTC+3 BEIJING
On Saturday, Russia’s Minister of Economic Development Alexei Ulyukayev told reports it is necessary to support banks in additional capitalisation
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BEIJING, November 9. /TASS/. Presently, Sberbank does not require additional capitalisation from the state, including in subordinated loans, the bank’s CEO German Gref told reporters on Sunday.

On Saturday, Russia’s Minister of Economic Development Alexei Ulyukayev told reports it is necessary to support banks in additional capitalisation, for example, by the mechanism of subordinated loans using the National Welfare Fund.

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