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Sberbank's leader, Herman Gref, has projected a stable ruble exchange rate at 85-90 rubles/$1 by the end of 2023. The forecast aligns with the sentiment expressed by other economic leaders, including...
In a recent turn of events, Sberbank Russia has validated the reappointment of Herman Gref for another four-year term as the company's leader. The decision was announced in a press conference...
By Elena Fabrichnaya MOSCOW (Reuters) -Russia's biggest bank Sberbank expects record profits this year, CEO German Gref said on Tuesday, recovering from a 75% drop last year when Western sanctions...
Sberbank, the leading bank in Russia, has reported a robust Q3 net profit of 411.4 billion roubles ($4.41 billion), marking a significant increase from Q2's 380.3 billion roubles. This brings the...
By Elena Fabrichnaya MOSCOW (Reuters) - Russia's top lenders Sberbank and VTB have said they are improving their ability to convert rupees into roubles, helping exporters to get funds effectively...
Public joint-stock company, Sberbank Russia (MCX:SBER), set a historical record in August 2023 by issuing nearly 11,000 individual housing construction (IZhS) mortgages, totaling 47.5 billion rubles,...
Public joint-stock company "Sberbank Russia" is set to open a new branch in Mumbai, India, at the start of October. The announcement was made by Anatoly Leonidovich Popov, the bank's Deputy Chairman...
The Bank of Russia may continue to increase the key rate, according to Andrey Kostin, CEO of VTB Bank. In an interview with news outlet RBC, on the brink of the Eastern Economic Forum, Kostin...
MOSCOW (Reuters) - Russia's No. 2 lender VTB still expects to earn 400 billion roubles ($4.21 billion) this year but this month's big central bank rate hike has trimmed any upside to that guidance,...
(Reuters) -Russia's battered rouble was given a reprieve with this week's emergency 350-basis-point rate hike to 12% but further action is likely to be needed for a more lasting impact. The Russian...
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