CEO: Sberbank expects good financial result in July–December

VLADIVOSTOK, Sep 7 (PRIME) -- Sberbank has stopped using the regulatory ease provided by the central bank, and expects to have good financials in July–December, CEO German Gref said on Wednesday.

"Everything is going on in accordance with the plan. We indeed forecast positive financial results in the second half of the year, we have started on a positive track," Gref said.

"The fact that we have stopped using the regulatory ease which the central bank provided to us is a good sign. Whereas we needed it in the first months for well-known reasons, we have stopped using any of the provided incentives now for regulatory accounting."

Gref confirmed that the bank had solved all problems on its own and does not need capital injection from the state.

The official added that the losses of Russian banks at large fell significantly in July–December as compared to the 1.5 trillion rubles in January–June, but the 2022 results will be negative.

Gref separately said that Sberbank has no plans to open more outlets abroad.

(60.8544 rubles – U.S. $1)

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