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Opinions & Interviews

12 Jan 2017

Sberbank ready to step up operation in Belarus

Sberbank ready to step up operation in Belarus

MINSK, 12 January (BelTA) – Sberbank is ready to make the transition to a new stage in its development on the Belarusian banking services market. Sberbank President, Chairman of the Board German Gref made the statement after meeting with Belarus President Alexander Lukashenko on 12 January, BelTA has learned.

The Sberbank President said: “For the last two years we’ve been busy primarily accumulating reserves out of net profit. After taking care of all the items on today’s agenda we can get down to a new stage in our development in the Republic of Belarus.”

Sberbank’s development in Belarus will be focused on bolstering the effectiveness of the bank’s work, assimilating digital technologies, and offering much more convenient services to clients in Belarus. “We and the head of state also discussed a number of projects relating to Sberbank’s plans to create a digital ecosystem and provide services to corporations, primarily small businesses. The Belarus president took a close interest in the matter,” said German Gref.

In his words, Sberbank is the largest investor in the Belarusian economy. “So far by means of direct investments and debt financing Sberbank has invested into the Belarusian economy an amount of assets equal to 10% of the country’s GDP,” noted German Gref.

All in all, the meeting was focused on results and matters of cooperation in 2016 as well as plans and prospects till the end of 2018.

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