Sberbank CEO says share of Russia’s non-residents among shareholders down to one third

Business & Economy April 21, 2023, 15:56

The Russian government is the main shareholder of Sberbank with a stake in capital amounting to 50% plus 1 share

MOSCOW, April 21. /TASS/. The share of Russia’s non-residents among Sberbank’s shareholders has dropped considerably to around one third, Chief Executive Officer Herman Gref told a press conference on Friday.

"According to our estimations, the share of non-residents has dropped considerably to around one third, including around 5% of non-converted receipts, as well as investments by non-residents from friendly countries," he said.

The Russian government is the main shareholder of Sberbank with a stake in capital amounting to 50% plus 1 share (52.32% of votes).

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