Gref called the condition of his resignation from the post of the head of Sberbank

Image: portal of the mayor and government of Moscow

the Head of Sberbank German Gref said that he would leave his post if the main vector of development of the credit organization will change. He reported about it to TV channel “Russia 24” on the sidelines of the world economic forum in Davos.

At the same time, Gref expressed confidence that when the main shareholder changes (50% plus 1 share of Sberbank belongs to the Bank of Russia), the strategy of the credit institution will remain unchanged.

“When I came to his position, came up with the concept. If the concept is changed, I don’t see its place in the company,” he said. Gref added that a positive attitude to a possible change of the main shareholder of the Bank.

In December 2019, Finance Minister Anton Siluanov said that the government is discussing the release of the Central Bank from the capital of the savings Bank as the financial regulator does not have to be a member of those organizations, which it oversees.

the Bank of Russia owns a controlling stake in Sberbank. According to the law on the Central Bank, the decrease can only occur after revision of the law.

In may last year, the shareholders of the savings Bank re-elected the current CEO Herman Gref for a fourth term. His authority thus extended for another four years. President and Chairman of the Board of Sberbank German Gref has held since November 2007. The third term was due to expire in December.

Gref said earlier that is not going to be in the savings Bank, and after leaving the company wants to engage in technological entrepreneurship. He also said that the government will return in case of emergency.

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