Friday, May 29, 2015

The head of Sberbank said there are no plans “spylesosit” all deposits – RBC

The head of Sberbank German Gref

Photo: Oleg Yakovlev / RBC

Sberbank has no plans to increase its share in the Russian banking market by absorbing smaller banks assured the briefing German Gref, who was elected today for the third time the president of the Savings Bank.

«We are fighting not for the amount and for the quality, “- he said Gref explained that Sberbank’s share in the banking market is already large, and for the normal operation of competition is needed, and to destroy its leadership of the largest bank of the country does not plan to.

“Believe me, you did not see any action aimed at some unfair competition. If I wanted something there … We could “spylesosit” full margin on the market, all deposits, “- said the president of the Savings Bank (quoted by Interfax).

According to Gref, Sberbank in its safety margin could offer impossibly high for other banks the conditions and hold them “at least a year”, after which half of the banks will be forced to withdraw from the market deposits.

«But we do not, – said Gref – Let I have other banks, let them “give us a light,” let there be a lot of competition – this is important. We are not in any way do not want to, God forbid, that we got some huge market share ».

According to the Central Bank on April 1, 2015 the total volume of individuals’ funds in banks in Russia was approximately 19.1 trillion rubles. Sberbank, summing up the work in the first quarter, estimated the total amount of individuals’ funds in liabilities group 9.514 trillion rubles. Thus, the share of Sberbank in the deposit market is approximately 49,8%.

The share of Sberbank in the market payroll agreements with companies by April 2015 reached 48%, increasing by 5 percentage points.

In April 2015, during a meeting with Russian President Vladimir Putin, Gref said Sberbank to increase the share in the total volume of mortgage loans in Russia. According to him, in the “new extradition” Sberbank’s share rose to 70%.

Speaking at a meeting of shareholders of Sberbank, German Gref called 2014 a success for the Savings Bank, explained that the year-end profit of Sberbank amounted to more than two-thirds the total profit of the entire banking sector in Russia.

However, the amount of dividends on common and preferred shares of Sberbank on the results of 2014 was reduced to 45 kopecks. One paper, which is more than seven times less than the year before.

Over the past five years, the dividends of Sberbank grew. In 2009, the Savings Bank for each share was paid on 8 kopecks., In 2010 – 92 kopecks., In 2011 – 2.08 rubles., At the end of 2012 – 2.57 rubles., By the end of 2013 – 3.2 rubles.

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