Sberbank chiefs talk to analysts

By Andrei Skvarsky.

Top executives of Sberbank have spoken to more than 25 researchers from various investment banks at an annual meeting between the management of Russia’s largest lender and banking analysts.

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Deputy chief executive Alexander Morozov briefed the audience on key projections for Sberbank’s performance this year. “The main priority of Sberbank is to increase its operational efficiency, which is especially important given the banking sector slowdown,” a statement from the bank quoted him as saying.

Morozov also said Sberbank was ready to adopt standards set by Basel III, a global regulatory accord on bank capital adequacy, stress testing and market liquidity risk.

He said Sberbank’s current core capital was estimated to exceed 1.3 trillion rubles ($37bn).

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