Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Gref Suggests Delay for Sberbank Stake Sale, Vedomosti Reports

Don't Miss Out —
Follow us on:

Jan. 4 (Bloomberg) -- German Gref, chairman of OAO Sberbank, Russia’s biggest lender, said the government should postpone selling a stake in the bank until the price rises, Vedomosti newspaper reported.

Gref spoke in an interview with Russia 24 television today, according to the newspaper.

Gref said foreign banks have been withdrawing their capital from Russia and reducing their business in the country, Vedomosti reported. Lending in Russia will probably grow at a slower pace in 2012 compared with 2011, Gref said, the newspaper reported.

Sberbank increased its net profit by more than three fold in 2011 from 2007, he said, according to the newspaper.

Russia is considering selling a stake in OAO Sberbank and VTB in 2012, Economy Minister Elvira Nabiullina said on Dec. 26.

To contact the reporter on this story: Halia Pavliva in New York at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.