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Russia: Sberbank CEO reports on bank's 2015 performance to Putin
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11.11.2015
Sberbank CEO German Gref informed President Vladimir Putin of the bank's results so far for 2015 in Sochi on Tuesday. "The first half of the year was certainly very challenging," Gref stated, adding that the bank has earned 178 billion rubles ($2.76 bln; €2.57 bln) for the first 10 months of 2015, which is 40 percent lower compared to the same period of 2014. Gref emphasised that, despite the results, recovery is in progress, which is noticable among large and medium-sized businesses. "We see that the trend is getting better," Gref stated.
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