The savings Bank may slightly cut its international business

The savings Bank may slightly cut its international business


The assets of the savings Bank of banks abroad can grow by 5-6%, said the head of the largest Russian Bank Herman Gref.

LONDON, 22 Oct. Sberbank is not necessary to expand international business, you may want to slightly decrease, said the head of the largest Russian Bank Herman Gref.

“We should not expand its international business. It may slightly reduce that,” he said at a meeting with investors in London.

According to him, the Bank assets of the savings Bank abroad can grow by 5-6%, not more.

“All of our international banks have ambitious goals to reduce costs,” he said.