Moscow court turns down Jehovah’s Witnesses bid to fight Justice Ministry’s banWorld April 24, 16:08
Swiss-based CAS upholds four-year ban on Russian marathon runner MayorovaSport April 24, 15:57
One killed, 11 wounded as result of mishandling of weapons at Dagestan schoolWorld April 24, 15:54
Foreign policy chief says EU ready to return to strategic partnership with RussiaWorld April 24, 15:45
Russian diplomat warns about possible false flag near DamascusRussian Politics & Diplomacy April 24, 15:29
Putin's spokesman says Kremlin never had any aversion to MacronRussian Politics & Diplomacy April 24, 15:12
Kremlin stresses efforts must be made to root out corruptionRussian Politics & Diplomacy April 24, 14:44
Moscow expects OPCW to send experts to Syria’s Khan SheikhounRussian Politics & Diplomacy April 24, 14:21
Russian premier believes attaining 2% GDP growth in 2017 viableBusiness & Economy April 24, 14:08
BERLIN, November 23. /TASS/. The head of Russia’s largest savings bank Sberbank German Gref called for the privatization of the bank a smaller involvement of the state in the Russian economy.
In an interview with the German newspaper "Handelsblatt" Gref said: "The Central Bank could keep 25% during the transitional period. But in principle, nobody opposes a full privatization of Sberbank. In our case private shareholders are large investment funds. In terms of banking, they can better control the management of the company."
Gref also said that the involvement of the state in the Russian economy is too high, and "privatization would make our country much more efficient."
As of April 20, 2015, Russia’s Central Bank is the largest shareholder of Sberbank (50% + 1 share). The share of non-resident legal entities in the capital of the bank is 43.26%, private investors hold 3.91%.