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Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

'People's' bonds becoming popular

For the first day, the Russians bought government federal bonds for individuals - 'people's bonds' - in the amount of 696.8 million rubles, the Russian Ministry of Finance said. "The placed volume is 696,807 million …

Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

Rubles to be taken in Turkey as payment

Russian Sberbank and Turkish Denizbank intend to implement the ruble payment system in the agricultural and tourism sectors, the CEO of Denizbank, Hakan Atesh said. According to him, the relations between Russian and Turkish banks …

 Sberbank and FSB develop cybersecurity system

Russia's Sberbank is cooperating with the Federal Security Service while the lender crafts a nationwide cybershield for use by other financial bodies that it says are woefully unprepared to fight off hackers. “As a rule, …

Gref sees chances of key rate cut

The Russian central bank may reduce its key rate at the next meeting on September 16, Sberbank CEO German Gref said. “If inflation goes down, there are chances,” Interfax cited Gref as saying. The …

 Is hope for Russia's economic growth useless?

According to a new report by the National Research University Higher School of Economics (HSE) titled 'Comments on the state and business', the Russian economy is stuck at the bottom. "A private domestic demand rose in …

Gref about Sberbank's return to Crimea

Sberbank may return to the Crimean market if international sanctions are eased," the bank's chief German Gref said at the annual shareholders meeting. But the bank cannot return to Crimea yet – if it …