Date: 3 months ago   Category: Finance

Gref has reported on Putin on losses of Sberbank because of volatility in the market — Rambler News Service


Gref has reported on Putin on losses of Sberbank because of volatility in the market
Photo: The Russian President Administration Volatility of a portfolio and volatility of the markets exerts impact on the net profit of Sberbank, the credit institution is the largest holder of securities, federal loan bond therefore the bank has lost a certain sum, the head of Sberbank German Gref has said during the meeting with the President of Russia Vladimir Putin. "We have rather quite good results, despite volatility which was in recent months. She, naturally, has concerned us owing to the fact that we are the largest holders of securities, federal loan bond, the state securities, and we on this volatility, of course, have lost a certain sum" — Gref has told. The head of Sberbank has hoped that by the end of the year the situation is stabilized, and the bank will restore these market losses. "Nevertheless, the last months volatility of a portfolio, volatility of what occurs in the market exerts impact on our net profits" — Gref has added.

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