MOSCOW. Oct 4 (Interfax) – The Russian economy might leave its mono-product era behind in 2028-2030, Herman Gref, the head of Sberbank (MOEX: SBER), said. “When might this mono-product era potentially end? In 2028-2030. The general feeling is and all the trends we have today indicate that there won’t be a repeat of the commodities super-cycle. We need to be […]
» Read more
(Kremlin.ru – August 4, 2016) Vladimir Putin had a working meeting with Sberbank CEO and Chairman of the Board German Gref to discuss the bank’s results for the last year, the situation on the housing mortgage market, and financial support measures for small businesses. President of Russia Vladimir Putin: Mr Gref, I know that the bank’s work has been not […]
» Read more
(Eric Kraus – Facebook – January 16, 2016) I often wonder whether Gref’s slightly hysterical tone is a good thing – as it is a goad to action against complacency – or it is a net-net negative because it simply adds to the ambient pessimism. Listening to his talk at the Gaidar Conference – there is one obvious problem – […]
» Read more
(Moscow Times – themoscowtimes.com – January 15, 2016) Russia has failed to adapt to economic and technological change and has fallen into the ranks of “downshifter” countries that will catastrophically lag behind their more advanced rivals, the head of the country’s largest bank said Friday. “We must honestly admit that we have lost to competitors,” German Gref told the Gaidar […]
» Read more
MOSCOW. Oct 14 (Interfax) – The Central Bank of Russia’s ruble exchange rate policy is “optimal,” Sberbank of Russia (MOEX: SBER) President and CEO German Gref said. “The policy that the Central Bank is pursuing is, in my view, optimal from the standpoint of managing the exchange rate. The economy is self-tuning, because the processes underway are very complex. Over […]
» Read more
(Moscow Times – themoscowtimes.com – Delphine d’Amora – October 3, 2014) German Gref, head of Russia’s biggest lender Sberbank, on Friday castigated systemic inefficiencies in the Russian government that, he said, waste trillions of rubles and threaten to drag Russian society back into Soviet times. “We have inconceivable social costs in the area of public administration,” Gref said in a […]
» Read more
MOSCOW. Dec 3 (Interfax) – Sberbank of Russia (MOEX: SBER) President and CEO German Gref has taken a seat on the public council of the Economic Development Ministry, the ministry he headed in 2000-2007. The makeup of the board is contained in an instruction from Economic Development Minister Alexei Ulyukayev. Deputy Economic Development Minister and State Secretary Oleg Fomichev will […]
» Read more
(Moscow Times – themoscowtimes.com – December 3, 2013) Sberbank CEO German Gref has joined the Economic Development Ministry’s public council, returning to a ministry that he headed from 2000 to 2007. The council’s membership, ratified by current Minister Alexei Ulyukayev, includes magnates Viktor Vekselberg and Alexei Mordashov as representatives of large-scale private enterprise. The heads of the Russian Union of […]
» Read more
(Moscow Times – themoscowtimes.com – Alexander Panin – May 29, 2013) Though Russia has funds to finance infrastructure, it lacks project management experience to develop such projects and needs to borrow it from abroad, German Gref, the head of Sberbank, said at a business lunch for investors held by the Transportation Ministry on Tuesday. The total cost of all tenders […]
» Read more
(Interfax – MOSCOW, April 19, 2013) The president and CEO of leading Russian lender Sberbank (RTS: SBER), German Gref opposes the idea of creating internal offshore zones in Russia, but is proposing that special measures be developed to bring capital back to the country, possibly even an amnesty for capital that now flees to offshore jurisdictions. “I don’t really believe […]
» Read more
(Interfax – January 17, 2013) The Russian economy is losing out from the process of globalization, Sberbank (RTS: SBER) president German Gref believes. “A question: are we gaining or losing on global markets? Answer: losing. We gained in all recent years only thanks to resource exports. On all other positions we are losing,” Gref said at the Gaidar Forum, commenting […]
» Read more