Wednesday, July 6, Sberbank President German Gref spoke live with users of social network “Vkontakte” and answered questions about how he would like to see the next President of the savings Bank, disappears when cash and as banks will use the blockchain.
Gref became the first representative of the business community who participated in the format of #VKLIVE, a feature of which is that the issue may ask any user of a social network “Vkontakte”.
On the future of payments
“In the foreseeable future cash will remain, but use of them would be more and more an anachronism,” — said Gref. The President of the savings Bank rarely uses cash.
“My Deputy Alexander Torbakhov, when it comes to the market, asks whether to accept cards, and if they do not accept, do not buy the product. I am, if I’m in the market, ask what discount they give. If you give a discount is good, product is good, I’ll buy in no matter what form of payment”, — said Gref. But, according to him, the tools that have replaced cash so simple that you can apply to cash as a means of payment is very rare.
I was once walking in the Park with their children, and the daughter wanted to buy some sort of doll. I didn’t have any money with me, and I transferred the payment via the application of Sberbank,” said Gref.
The banks themselves to deal with cash is unprofitable, said the President of Sberbank. “It’s very, very expensive, you even can’t imagine how expensive it is to have money with cash. We need them to transport, store, guard, under guard, to fill the ATMs, it’s a very heavy share,” he explained, adding that the banks themselves don’t like cash. Most likely, the Bank rates will differentsirovaniya in such a way that all transactions associated with cash, will go up, and all that is associated with a “cashless world” will be close to free,” added Gref.
The head of Sberbank
Answering the question about what will happen with Sberbank, when Gref will leave office of the President (the contract was extended last summer until 2019), the head of the largest Bank of the country noted that one of the main tasks set before them by shareholders, is to prepare successors.
“I’ll have to create a powerful team and I think with this task I in a large part to the right, and create the obvious successor to my shareholders that decide what to do with my contract, at any moment it could stop. I make sure after I leave Sberbank felt better”, — said Gref.
New Chapter many will reconsider, to do something differently, it should go to the organization to use, I’m sure Gref. “It would be great if Sberbank headed woman”, — said Gref.
“I believe that women are much better leaders and officers than men. We have now the Chairman of the Central Bank Elvira Nabiullina. I am very positive to Sergey Ignatiev (the former head of the Bank of Russia — ed.) and his predecessors, but the first woman Chairman of the Central Bank obviously gives odds to all men”, explained Gref.
About what, Gref will be engaged after leaving from the savings Bank, he found it difficult to answer. “How I feel after leaving the savings Bank? I hope that’s okay. What I want to do? Have no idea think of something,” said Gref, adding that “to build some kind of base for themselves,” not exactly in the rules.
About “predatory” currency reform in the USSR
The savings Bank and the depositors were robbed during the Pavlov reform of 1991, and the government should compensate their losses, said Gref, answering customer questions, called “to pay the Russians for the debts of 1991 are not small handouts, but at least with a factor of 1 to 150 and to pay interest for 26 years.”
“I agree that this is unfair, it is immoral to take money. Yes, this is a robbery, open theft of another’s property. The authorities of the Soviet Union at the time, openly stole other people’s money, it is unacceptable, but the question of compensation is a very complex financial history”, — said Gref. According to him, the problem lies in the fact that the payer of debts to Russians need to be Sberbank, and the state. “It’s even better to give our depositors the shares, but, as you know, this task is not so simple”, — said Gref.
The Bank had been robbed completely unqualified policy of the authorities in that period of time, and robbed, he was with investors. The Bank withdrew the funds and suffered the Bank and the depositors. In this sense, we are on the same side”, — said Gref. According to him, the actions of the Soviet authorities has been injured the entire financial system, the credibility of the state and the banking system.
In January 1991, the Prime Minister of the USSR Valentine Pavlov was appointed who initiated confiscatory monetary reform. On 22 January signed a decree about the withdrawal of hundreds and 50-ruble banknotes. In accordance with the order of the denominations of the sample 1961 freely exchanged for new notes in the amount of up to 1 thousand rubles per person. With the exchange of population should be on time from 23 to 25 January. At the same time limited to the removal of the deposits in the savings Bank: one account at a time it was possible to remove not more than 500 RUB. to exchange amounts beyond the limit, first it was necessary to prove special commissions, the legality of their origin.
Answering the question about what is better to invest in conditions of instability of major currencies, Gref said that “there is no universal advice or a universal formula” for investing.
“It is best to have money in motion, not under the pillow. The most reliable way is, of course, the deposits and then opens a whole sea,” said Gref. The answer to the question, in what currency to open a Deposit depends on the currency in which expenses and how much you plan to invest, he said.
“If you have a hundred thousand rubles, keep them in rubles, no need to go in any currency because the ruble has tended to strengthen,” — said Gref. “If you have 10 million roubles, probably, we can talk about diversification of the currency risk be converted to a different currency,” he continued. The dollar is the popular currency, but the alternative can be the Swiss franc, Norwegian Krone and Singapore dollar.
The Euro today is quite volatile, and his fate, particularly given the decision of the British to withdraw from the EU, rather uncertain, Gref believes. “For professional investors now opened a window for investment in euros and pounds, but for the Amateur I would not recommend these currencies,” he added.
To predict the dynamics of the ruble, Gref refused. “We are dependent on oil prices, what will it be I don’t know. If the price is in the trend, which predict that is above $50 per barrel and with the trend to $60-65 per barrel, the ruble will strengthen. Will be allowed if the geopolitical conflict with Ukraine, the ruble will rebound. Here are the two main factor,” Gref said. “If the Russian government announced an ambitious reform program and begin to do them, I think that the ruble has a great potential for strengthening”, — said Gref.
The head of Sberbank recommend everyone to manage their money independently. “As practice shows, only self-responsibility for the management of own resources can be a guarantee that the money will be rationally invested,” explained Gref.
#VKLIVE — live broadcasts with celebrities and opinion leaders who regularly attend the social network “Vkontakte”. Feature of the format that distinguishes it from traditional interviews in the media or meetings with shareholders, is that a question to a newsmaker can ask any user of a social network “Vkontakte”. To do this, leave the comment for publication on the upcoming live broadcast. Among the participants past coverage #VKLIVE — Deputy mayor of Moscow on issues of transport and development dorozhno-a transport infrastructure Maxim Liksutov, the presenter Ivan Urgant, artists Noize MC, Zemfira, the press Secretary of the Russian foreign Ministry Maria Zakharova, athletes Adelina Sotnikova and Evgeni Plushenko. and “Vkontakte” will continue to broadcast with business leaders, said the press Secretary of the company Yevgeny Krasnikov.
About blockchain technology
These technologies are still very imperfect, and will need years to lead them in “common use”, said Gref. To use the blockchain can be different, and the first, most obvious option is a cryptocurrency. “In our country, the cryptocurrency has died before birth,” — said Gref.
However, the future distribution of technologies that includes the blockchain, said the head of Sberbank. “If I start to list where they will be used, I don’t have enough time. This is an explosive technology that will transform many spheres”, — said Gref.
A number of countries creates unique conditions for the development of blockchain technology, they have already overturned the whole of the service sector, including government. Russia is looking at it from the outside, he said.
Sberbank has created a Department which deals with study of practical aspects of the use of blockchain, said Gref. “We will try not to let the palm of the hands. This applies not only to Sberbank, but also of the country. There will be no area that would have affected the distribution of technology is like the Internet: everything from public service in all sectors, all types of businesses, especially the service sector, is radically changing approaches”, — said Gref.
For customers, the proliferation of blockchain technology will mean “the absence of intermediaries and a sharp decline in the value of all services,” he concluded.
Blockchain, the “block chain” — the technology on which the world found out thanks to another innovation: it built and operates the cryptocurrency bitcoin and its analogues. The technology is a distributed database that contains information about all transactions carried out by members of the system. A key feature of this system is distribution: there is no single place where you store all the records of the Registrar or of the Bank. The registry is stored at the same time all participants in the system and automatically updated to the latest version each time you made the change. Users act as a collective of a notary, which confirms the validity of the information in the database. Participants are rewarded for what you contribute to the maintenance of the database.