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German Gref Gave Recommendations On Savings
July 7, 2016 17:29


The Head of Sberbank German Gref has advised unprofessional investors not to invest in euros and pounds in connection with the intention of the UK to leave the EU (the so-called Brexit - British exit). This was said by Gref as he was answering the questions from “VKontakte” users (that was broadcasted in the social network).

The banker’s words were quoted by TASS on Wednesday, July 6. Gref said that after Brexit the fate of the euro was not defined, but now there were opportunities for professional investors to invest in the euro and the pound. The Head of Sberbank also advised Russians not to keep their money in cash, because the money has to flow. At the same time he called deposits the most reliable way to do it.

“Savings in the amount of 100 thousand roubles should be kept in roubles. The rouble has a tendency to strengthen. If you have 10 million roubles, then we can talk about diversification of currency risks. Then you can decompose funds to different currencies” – Gref added.

The Sberbank CEO mentioned the Swiss franc, the Norwegian krona and the Singapore dollar as alternatives to the US dollar. “I would always recommend to manage your money on your own, because, as practice shows, there is only self-responsibility for management of your own resources. This is the only guarantee that the money will be invested in the most rational way” - the Head of Sberbank also noted.


Author: Anna Dorozhkina

Tags: Sberbank German Gref    

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