Exec: Non-residents’ share in Russia’s Sberbank rises to 45.6%

MOSCOW, May 26 (PRIME) -- The share of non-residents in the capital of Russia’s top lender Sberbank increased by 2.33 percentage points over the past year to 45.6%, while the share of residents fell by 1.33 percentage points to 1.5%, Deputy CEO Bella Zlatkis said Thursday at a news conference.

The stake of Russia’s central bank remained at 50% plus one share, she said.

“The legal entities that are not residents, even under the pressure exerted on Russia…Their relative share increased to 45.6%, or 2.33 (percentage points) more than last year,” Zlatkis said.

“On the contrary, legal entities that are Russian residents significantly decreased their presence in shares of Sberbank, their share amounted to only 1.5% against 2.83% last year, their share…fell by 1.33 (percentage points),” she said.

Sberbank’s Deputy CEO Alexander Morozov said the bank sees interest in its shares from U.S., European and Asian investors. “We suppose that the process of further diversification among U.S. stockholders, as well as among European and Asian ones, will continue,” he said.

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