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27 Feb, 18:32

Sber has no earthly rivals, but Martians could be a different story, CEO jokes

"We welcome competition," Herman Gref added

MOSCOW, February 27. /TASS/. In a tongue-in-cheek remark, Sberbank CEO Herman Gref joked that the only competitors his bank fears are those that Elon Musk might bring back from Mars.

"Concerning whether we are afraid of some ‘magical’ competitors: only in one case - if Elon Musk brings them from Mars. At this point, I do not see a single competitor on Earth that we should fear, one which could come in and take our market share. They already attempted to do that. To be frank, I do not see any rivals in the banking sphere, especially on the Russian market," Gref said during a conference call with analysts and investors after the release of Sberbank’s financial report.

"We welcome competition," he added.