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Opinions & Interviews

18 May 2015

Gref: Sberbank of Russia ready to help Belarus enhance its economy

Gref: Sberbank of Russia ready to help Belarus enhance its economy

MINSK, 18 May (BelTA) - Experts of Russia’s Sberbank are ready to offer Belarus their assistance in improving the efficiency of the economy, Chairman of the Board of Sberbank German Gref told reporters, BelTA has learned.

Speaking about the future cooperation between Russia’s Sberbank and Belarus, German Gref said that the Russian side is ready to "offer the Belarusian government our support and expertise to help it improve the efficiency of the economy in general and individual enterprises in particular.”

"In this difficult time, increasing the efficiency, reducing costs, improving profitability is the only right thing you can do," added German Gref. Special attention will be given to the enterprises of the machine-building and wood processing industries.

Sberbank of Russia has been present on the Belarusian market for more than five years. During this time, BPS-Sberbank, Sberbank’s subsidiary in Belarus, has built its assets two and a half times, increased its capital 1.5 times. According to German Gref, a number of steps will be taken to enhance the efficiency of BPS-Sberbank.

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