Russia’s largest bank eyes expansion
Russia's largest bank, Sberbank, has decided to establish a subsidiary for developing its investment business. The branch is part of the bank's five-year expansion plan.
According to CEO, German Gref, Sberbank is planning to enter the markets of 20 countries during its expansion period.
Gref believes the credit crisis provides a golden opportunity to start acquisitions, because foreign banks are cheap.
The structure of the new branch has yet to be determined.
You can share this story on social media:
Follow RT on
Dear readers! Thank you for your vibrant engagement with our content and for sharing your points of view. Please note that we have switched to a new commenting system. To leave comments, you will need to register. We are working on some adjustments so if you have questions or suggestions feel free to send them to feedback@rttv.ru. Please check our commenting policy
