TITLE

Sberbank expects overseas assets to generate 9%-10% of profit by 2019 (Part 2)

AUTHOR(S)
Interfax
PUB. DATE
November 2013
SOURCE
Russia & CIS Business & Financial Newswire;11/12/2013, p1
SOURCE TYPE
Newswire
DOC. TYPE
Article
ABSTRACT
MOSCOW. Nov 12 (Interfax) - Sberbank (MOEX: SBER) expects its overseas assets to be generating 9%-10% of its net profit by the end of 2018, up from 7% at present, the bank's chairman, German Gref, told a press conference.
ACCESSION #
91938081

 

Related Articles

  • Sberbank not planning acquisitions in next few years - Gref. Interfax // Russia & CIS Business & Financial Newswire;11/12/2013, p1 

    MOSCOW. Nov 12 (Interfax) - Sberbank (MOEX: SBER) is not planning to acquire new assets in the next few years, the bank's chairman, German Gref, said at a press conference.

  • Sberbank still forecasting 370 bln rubles net profit in 2013 - Gref. Interfax // Russia & CIS Business & Financial Newswire;11/12/2013, p1 

    MOSCOW. Nov 12 (Interfax) - Sberbank (MOEX: SBER) is still forecasting 370 billion rubles net profit this year, the bank's chairman, German Gref, told a press conference.

  • Sberbank not expecting major change in NPL level in next five years. Interfax // Russia & CIS Business & Financial Newswire;11/13/2013, p1 

    MOSCOW. Nov 13 (Interfax) - The CEO of Sberbank (MOEX: SBER), German Gref does not expect any major changes in the share of nonperforming loans at the leading Russian lender in the next few years.

  • Sberbank staff might shrink 12% in five years as business doubles. Interfax // Russia & CIS Business & Financial Newswire;11/12/2013, p1 

    MOSCOW. Nov 12 (Interfax) - The number of employees at Sberbank (MOEX: SBER) might shrink by 12% to 220,000 from 250,000 in five years, while its business could double, the leading Russian lender's chief executive, German Gref said at a presentation of the bank's new strategy.

  • Process of restructuring Mechel debt to Sberbank proceeding 'normally' - Gref (Part 2). Interfax // Russia & CIS Business & Financial Newswire;11/14/2013, p1 

    MOSCOW. Nov 14 (Interfax) - The process of restructuring Mechel (MOEX: MTLR) debt to Sberbank of Russia (MOEX: SBER) is proceeding normally, Sberbank CEO German Gref said during a presentation of the bank's new strategy.

  • Sberbank: no plans to convert preferred shares into ordinary. Interfax // Russia & CIS Business & Financial Newswire;11/14/2013, p1 

    MOSCOW. Nov 14 (Interfax) - Sberbank of Russia (MOEX: SBER) has no plans to convert preferred shares into ordinary shares, CEO German Gref said at a presentation of the bank's strategy in 2014-2018.

  • Process of restructuring Mechel debt to Sberbank proceeding 'normally' - Gref. Interfax // Russia & CIS Business & Financial Newswire;11/14/2013, p1 

    MOSCOW. Nov 14 (Interfax) - The process of restructuring Mechel (MOEX: MTLR) debt to Sberbank of Russia (MOEX: SBER) is proceeding normally, Sberbank CEO German Gref said during a presentation of the bank's new strategy.

  • Central Bank should cut stake in Sberbank to 25% - Gref (Part 2). Interfax // Russia & CIS Business & Financial Newswire;11/14/2013, p1 

    MOSCOW. Nov 14 (Interfax) - It would make sense for the Central Bank to reduce its stake in Sberbank (MOEX: SBER) to 25%, Sberbank's chief executive, German Gref, told reporters during a presentation of the bank's new strategy.

  • Sberbank aims to double earnings, assets by end 2018 - strategy (Part 3). Interfax // Russia & CIS Business & Financial Newswire;11/12/2013, p1 

    MOSCOW. Nov 12 (Interfax) - Sberbank (MOEX: SBER) aims to double its earnings and assets by the end of 2018, Russia's biggest lending institution says in its strategy for the next five years.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics