For the privatization of the savings Bank required a change in the law, in addition, it is necessary to wait, when serious volatility in the market will decrease, stated the head of the largest Russian Bank Herman Gref.
DAVOS (Switzerland), 22 Jan. Privatization of Sberbank in 2016 is not very real, it is advisable to wait for a reduction in the volatility of the markets, said the head of the largest Russian Bank Herman Gref.
Earlier, the head of the Ministry of economic development Alexei Ulyukayev proposed to revisit the issue of privatization of the largest Russian banks — Sberbank and VTB, which will improve the situation with capitalization of the domestic banking system.
“This year, I think it is not very realistic, because if we talk about Sberbank, we need changes to the law, and the second — preparation for privatization. But, of course, you need to look for the right time for privatization. I’m not ready to say when he will come — this year or next, or the year after,” said Gref to journalists.
“Of course, it is desirable to choose the moment that is a very serious volatility in the market will decrease and there will come a period of rebound in the stock market. Although when such a difficult economic situation, it is very difficult to choose the right time for privatization,” — said the head of Sberbank.