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Sberbank prepares stress scenario at oil price of $20-25 per barrel

January 21, 2016, 19:32 UTC+3 MOSCOW

Sberbank calculates the dollar exchange rate at the level of 78 rubles

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© Maxim Shemetov/TASS Archive

MOSCOW, January 21. /TASS/. Sberbank calculated a stress scenario at the oil price of $20-25 per barrel, Sberbank Deputy Chairman Alexander Morozov said Thursday.

"Our initial scenario for the business plan was based on $50 per barrel. Then we adjusted it to $35 per barrel. We have already prepared scenarios for $25 per barrel and even $20 per barrel," he said.

At the same time, Morozov noted that "the main platform for the calculations" was the scenario with the price of oil at the level of $30-35 per barrel. "Clearly, we perceive it as a certain average level for 2016," he added.

Sberbank calculates the dollar exchange rate at the level of 78 rubles, Morozov concluded.

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