Acquisition of VBI

Sberbank CEO German Gref assured, then, that Russia's largest bank came to market in Europe for a long time. "We came to the European market with no short-term goals and not to achieve some quick results. We have come a long time, for decades, and this is how we build our entire business and all our relations," - said Gref.

He once again noted that the acquisition of VBI for the Savings Bank is the first and essential step in implementing an international expansion. "Savings comes to fast growing markets of Central and Eastern Europe, which in the long term, we estimate that by 2020 the volume of profits of the banking sector will exceed the amount of profit that we have in Russia, approximately two-fold. For us, these markets are very interesting "- he said.

Savings in the medium term, expects to enter the markets of Turkey and Poland, local city public records. "We have built a clear strategy for our presence in Europe. We have identified for themselves as medium-term objective presence of two other countries in Europe - this is Turkey and Poland. It's two markets that we are very interesting," - said the head of the Savings Bank. The bank does not intend to make large-scale acquisitions, as plans to develop its presence in the region by building an international platform on the basis of units of VBI.