Mishustin and Gref commented on the decision to sell the shares of Sberbank

Photo: TASS/Andrei Gordeev

the Government has approved the decision to buy shares of Sberbank, the Bank of Russia. This was stated by Prime Minister of the Russian Federation Mikhail Mishustin, reports “Interfax”.

the Consideration of the bill is scheduled for February 13. Mishustin also discussed with the head of Sberbank German Gref future plans of the organization.

“For us, yesterday was a very important day. It was officially announced about the beginning of the procedure the sale of our stake – 50 percent plus 1 share from the Central Bank to the government. We spent a long time preparing this event,” – said Gref.

According to the head of the savings Bank, the shares of credit organizations grew by almost 1 percent, more than 2 percent increase in the preferred shares. In addition, he said that already developed the order of interaction between the government and the Central Bank on the formation of a new government.

Shares of the savings Bank will be transferred to the national welfare Fund. This solution will contribute to high yield Fund. In addition, the repurchase of shares by the government is one of the steps to create a digital platform state-based electronic services of the Bank.

it is Expected that the adoption of the document will eliminate the existing conflict of interest because of the Central Bank combines the role of shareholder, regulator and Supervisory authority.

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