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Sberbank CEO expects downturn in growth of Russian economy in 2015

November 14, 2014, 19:30 UTC+3
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MOSCOW, November 14 /TASS/. Russia’s Sberbank is not planning to delist securities at the London Stock Exchange, Sberbank’s Chief German Gref told journalists on Friday.

Gref also said he expects a downturn in the growth of Russian economy in 2015 and predicts reduction of GDP by 1.2%.

However, Sberbank will not need additional capitalization in 2015-2016, the Sberbank CEO noted. He said he does not rule out interest rates on ruble deposits may increase before year’s end.

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