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Sberbank Eyes Spot in Top-10 World Banks
27.01.2013 22:06
Sberbank Eyes Spot in Top-10 World Banks
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Sberbank aims to make its way into the world’s Top-10 banks in terms of revenues by 2018, according to a report.

The five-year road map to be unveiled by next autumn sets an ambitious goal to triple or even quadruple the current revenue figures, says RBC daily. That would mean a target of $30-40 billion, on par with the biggest Chinese banks.

Sberbank’s press service declined to give away the details of the strategy. 

Led by former Economic Development Minister German Gref, Sberbank is Russia’s largest bank, with a majority stake owned by the state.

Author: Mikhail Vesely

Tags: Russian banks German Gref Russian economy   

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