Putin: privatisation of Sberbank in the medium term will not be considered

MOSCOW, January 29. Privatization of Sberbank in the medium term will not be considered. This was announced by the President of Russia Vladimir Putin at a meeting with the Minister of Finance Anton Siluanov, head of the Central Bank Elvira Nabiullina and presidential aide Andrei Belousov.

“Next week we will discuss the issues of privatization, privatization plans, including for the current year”, – said the President. He noted that there is an opinion, and about “what is (should be privatized) and a number of financial institutions.” “The Central Bank we have a key shareholder of a leading Bank of the country – Sberbank”, – said Putin.

“The question is premature”

Vladimir Putin asked Nabiullina with a request to Express their opinion about the necessity of privatization of the savings Bank.

Reporting to the President, the head of the Central Bank stated: “We believe that privatization of a part of shares of Sberbank is now the question premature.” She noted that the depositors ‘ trust to Bank is based on the fact “that there is a controlling state”.

Putin agreed with this position, adding that in the nearest future this question will not rise. “I agree with You completely and in the short term we are at this point we will not come back. And in discussions with colleagues privatization in 2016, and in the near future this question we will not consider”, – concluded Putin.