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Sberbank mulls option of selling Visa, MasterCard shares in 2017

November 15, 2016, 20:44 UTC+3
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MOSCOW, November 15. /TASS/. Sberbank is considering an opportunity of selling shares in Visa and MasterCard in 2017, Deputy Chief Executive Officer of the bank Alexander Morozov said on Tuesday.

"We want to sell our shares of Visa and MasterCard international payment systems. We may hold these transactions in 2017 but everything will depend on the market," Morozov said.

Sberbank did not detail what stakes in Visa and MasterCard are at the bank’s disposal.

MasterCard completed the IPO and turned into a stock company in 2006 and Visa in 2008. Banks that were members of these systems and the largest issuers of their cards were bound to purchase their shares.

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