Moscow still sees no progress in Viktor Bout caseRussian Politics & Diplomacy October 26, 16:03
Putin will hold negotiations with any president elected in the US — KremlinRussian Politics & Diplomacy October 26, 16:01
Russian diplomat stresses US marines deployment to Norway won't improve securityRussian Politics & Diplomacy October 26, 15:12
Vladimir Putin at All-Russia People's Front meeting in Crimea: live from YaltaRussian Politics & Diplomacy October 26, 15:11
CIS forces hold simulated launches of antiaircraft missilesMilitary & Defense October 26, 15:09
Russia-Egypt first anti-terrorism drillsMilitary & Defense October 26, 15:06
Kremlin will not react towards Ukraine's MP Savchenko arrival in MoscowRussian Politics & Diplomacy October 26, 14:34
Head of auditor giant wins Top Russian Managers AwardBusiness & Economy October 26, 14:31
Flying laboratory for A-100 Premier advanced aircraft radar takes off for first timeMilitary & Defense October 26, 14:29
MOSCOW, September 21. /TASS/. Sberbank does not rule out major geographic expansion in presence of the credit institutions after sanctions are lifted, Chief Executive Officer of the bank Herman Gref told TASS on Wednesday.
"We revised our international strategy. There is nothing dramatic in it; there is a portion of jurisdictions we want to cut and it is a tiny one. We intended to focus efforts on countries with appropriate economic potential. Any major geographic expansion of our presence is possible only after lifting or significant relaxation of conditions of sanctions. It is not real now," Gref said.
Sberbank currently does not see opportunities for entering the Chinese banking market.
"So far, we do not see any possibilities for existing in China in general. They have a reserved attitude towards foreign banks. There is no foreign bank that would have a serious business," Gref said.
At the same time, Gref has made it clear that the credit institution intends to develop cross-border cooperation with the banks of the Pacific Rim countries.
Sberbank does not plan to cut rates on its product after the key rate downward change by the Bank of Russia, Gref has assured.
"We lowered rates a month ago and their reduction following the Central Bank is not in the agenda. However, the rates downward trend is in place and I think rates will gradually decline at year-end. The rates will definitely drop against activity we see now," the banker said.