Sberbank: all reserves for the debts of Ukraine will be made this year


Sberbank creates large provisions against Ukraine, the volume of which is optimal, said the head of the largest Russian Bank Herman Gref.

LONDON, 22 Oct. Sberbank hopes that in 2016 will not need much backup on the Ukrainian debts, all necessary provisions will be created this year, said the head of the largest Russian Bank Herman Gref.

“The state of our strategy, in any business nor influence nor pressure has no…. We have zero pressure on us,” Gref said, commenting on the situation in Ukraine at a meeting with investors in London.

“We create large provisions against Ukraine, and by the end of this year, in our view, the optimal amount of provisions on Ukraine will create”, he said.

“Most likely, I hope, next year this will not need a reservation. But the fact that a large reservation is not required — it is exact”, — said Gref.