German Gref spoke during opening of the Forum 'Russia 2012'
February 2, 2012, Moscow - President, Chairman of the Board of Sberbank of Russia spoke during opening of the Forum 'Russia 2012' organized by Sberbank and its affiliated company 'Troyka Dialog.'
The key topic of the plenary session of 'Russia 2018: key forks and challenges defining future of the country', opening the Forum, was discussion of political situation existing in the country after elections to the State Duma. German Gref thinks that currently the Russians stand for understandable values and in a civilized way. 'And response of the authorities to this middle class request is civilized as well: we can see the changes,' - noted the President, Chairman of the Board of Sberbank.
'I think that business climate will certainly change, and this is the 'key task for the President and the Government, - commented German Gref. - I believe in a positive trend. The question is in speed of these changes in order to catch up with our competitors. And this will highly depend on efficiency of the new government, of efficiency of its interaction with the society and business.'
During the Forum German Gref told the journalists that in 2011 Sberbank group received profit of 10.5 billion dollars according to the International Accounting Standards, return on investments for the last year was 27-28%. Head of Sberbank also informed that the bank has closed the transaction of Eurobond placing for 1.5 billion dollars at acceptable rates. Placement of Eurobonds by Sberbank was the first entry of Russian issuers to international markets in the past years.
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