DGAP-News: Sberbank: German Gref spoke during opening of the Forum –Russia 2012–

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Sberbank: German Gref spoke during opening of the Forum –Russia 2012–

07.02.2012 / 14:22

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German Gref spoke during opening of the Forum –Russia 2012–

February 2, 2012, Moscow – President, Chairman of the Board of Sberbank of
Russia spoke during opening of the Forum –Russia 2012– organized by
Sberbank and its affiliated company –Troyka Dialog.–

The key topic of the plenary session of –Russia 2018: key forks and
challenges defining future of the country–, opening the Forum, was
discussion of political situation existing in the country after elections
to the State Duma. German Gref thinks that currently the Russians stand for
understandable values and in a civilized way. –And response of the
authorities to this middle class request is civilized as well: we can see
the changes,– – noted the President, Chairman of the Board of Sberbank.

–I think that business climate will certainly change, and this is the –key
task for the President and the Government, – commented German Gref. – I
believe in a positive trend. The question is in speed of these changes in
order to catch up with our competitors. And this will highly depend on
efficiency of the new government, of efficiency of its interaction with the
society and business.–

During the Forum German Gref told the journalists that in 2011 Sberbank
group received profit of 10.5 billion dollars according to the
International Accounting Standards, return on investments for the last year
was 27-28%. Head of Sberbank also informed that the bank has closed the
transaction of Eurobond placing for 1.5 billion dollars at acceptable
rates. Placement of Eurobonds by Sberbank was the first entry of Russian
issuers to international markets in the past years.

# # #

OJSC –Sberbank of Russia–
Public Relationships Administration
tel. +7(495) 957 5721
media@sberbank.ru

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Language: English
Company: Sberbank
19 Vavilova St.
117997 Moscow
Russia
Phone: +7-495-957-57-21
E-mail: media@sberbank.ru
Internet: www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557
Listed: Foreign Exchange(s) MICEX, RTS

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