MOSCOW, November 24. /TASS/. Russia’s largest savings bank Sberbank does not confirm the estimate of income of the bank's CEO Herman Gref that was cited by Forbes, a spokesperson with the bank told TASS.
On Thursday, the Russian edition of Forbes magazine published the list of the most highly paid managers in Russia. According to the magazine, Sberbank CEO Herman Gref ranks third and his revenues for 2015 amounted to $11 mln.
"Sberbank confirms neither the estimate nor the method of calculation of earnings of the president, Chairman of the Board, that were presented in the publication by Forbes," the spokesperson said.
Sources close to the bank told TASS that real income of Herman Gref is lower than the one that was published by the magazine.
Sberbank does not disclose the size Gref’s salary.
According to the bank’s report on securities for the first quarter of 2016, the remuneration to the President, Chairman of the Board and board members (12 persons) for 2015 amounted to 2.45 billion rubles. (about $ 32 mln).
At the same time, according to Forbes, the income of Sberbank CEO has decreased. Last year Gref entered top ten of most highly paid Russian top managers, but his income was $13.5 million.