Gref quietly decided to squeeze Sberbank
The original initiative was made by the chairman of the board of Sberbank of Russia German Gref. German Oskarovich gave valuable advice to the state to get rid of its stake in the largest bank not only in the Russian Federation, but also in Central and Eastern Europe.
A controlling stake in Sberbank in the amount of 52% belongs to the Central Bank. Only one brand of a state bank was estimated by foreign experts as of 2010 at 11,7 billion dollars and was ranked fifteenth in the world ranking of the most expensive. In the Russian market, Sberbank's share in the volume of assets, loans issued and deposits received is the largest.
However, German Oskarovich “sees no reason” why the situation should remain so. According to the top manager, the state should get rid of its controlling stake in Sberbank as soon as possible. The chairman of the board calls the reason most noble: pursuant to the May Decree of Vladimir Putin to spend money on the sale of shares to improve the lives of Russians, rather than raise taxes for the population.
But, knowing our government, it can be assumed that taxes will still increase, as is happening now with the retirement age, which they were afraid not to raise, the money from the sale of a controlling stake in Sberbank will be scattered into all kinds of nanotechnologies, and the state bank will be in full dependence on the infamous Russian “effective managers” with all the ensuing consequences.
In fact, the idea of transferring from a state pocket to a private national treasure represented by Sberbank has been around for a very long time. However, this required serious changes in regulations. It is worth noting that under the management of German Gref, Sberbank generally demonstrates a peculiar attitude to Russian legislation. After the reunification of Crimea and Sevastopol with the Russian Federation, a number of domestic companies with state participation fell under the restrictive measures of the European Union, including, presumably, Sberbank. According to the decision of German Oskarovich, because of fear of Western sanctions, Sberbank refused to serve the Russian residents of the Crimea, despite a controlling stake in the state.
One can imagine what his top managers will do when the control disappears altogether.
A controlling stake in Sberbank in the amount of 52% belongs to the Central Bank. Only one brand of a state bank was estimated by foreign experts as of 2010 at 11,7 billion dollars and was ranked fifteenth in the world ranking of the most expensive. In the Russian market, Sberbank's share in the volume of assets, loans issued and deposits received is the largest.
However, German Oskarovich “sees no reason” why the situation should remain so. According to the top manager, the state should get rid of its controlling stake in Sberbank as soon as possible. The chairman of the board calls the reason most noble: pursuant to the May Decree of Vladimir Putin to spend money on the sale of shares to improve the lives of Russians, rather than raise taxes for the population.
But, knowing our government, it can be assumed that taxes will still increase, as is happening now with the retirement age, which they were afraid not to raise, the money from the sale of a controlling stake in Sberbank will be scattered into all kinds of nanotechnologies, and the state bank will be in full dependence on the infamous Russian “effective managers” with all the ensuing consequences.
In fact, the idea of transferring from a state pocket to a private national treasure represented by Sberbank has been around for a very long time. However, this required serious changes in regulations. It is worth noting that under the management of German Gref, Sberbank generally demonstrates a peculiar attitude to Russian legislation. After the reunification of Crimea and Sevastopol with the Russian Federation, a number of domestic companies with state participation fell under the restrictive measures of the European Union, including, presumably, Sberbank. According to the decision of German Oskarovich, because of fear of Western sanctions, Sberbank refused to serve the Russian residents of the Crimea, despite a controlling stake in the state.
One can imagine what his top managers will do when the control disappears altogether.
Information