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Former Finnish PM may enter supervisory board of Russia’s Sberbank

Esko Tapani Aho served as Prime Minister of Finland in 1991-1995

© Ilya Pitalev/TASS

MOSCOW, March 17. /TASS/. Former Prime Minister of Finland Esko Tapani Aho will be recommended to shareholders for election to the Supervisory Board of Russia’s largest savings bank Sberbank, head of Sberbank German Gref told journalists.

Esko Tapani Aho served as Prime Minister of Finland in 1991-1995.

"We have one new candidate. This is Esko Aho. He is a former Prime Minister of Finland. Currently he is a member of many organizations, in particular he heads the Russian-Finnish Council. He is a very respectable man who has enormous authority. He dealt a lot with hi-tech markets. It is a great honor for us that he has been nominated to the supervisory board," Gref said.

The Central Bank’s key rate does not significantly influence financial performance of Sberbank and the Russian banking system at large any more, Gref went on to say.

"At present, considering we have a liquidity surplus, the key rate ceased to be a strong driver for the banking sector that impacts on our profits and losses accounts and our financial result," Sberbank CEO said.

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