Russian Sberbank Has No Plans to Lend Belarus

11.03.2011 11:53
Архив Редакция

Sberbank of Russia has no plans to grant loans to Belarus. This was stated by the head of Sberbank German Gref on March 10. "We are commercial bank, and we are not engaged in lending to support foreign exchange reserves or to improve the balance of payments. It's none of our business," said German Gref. 

At the same time, according to the head of Sberbank, they are ready to launch the Eurobond floatation on the Russian financial market. Gref assured to make all efforts for the next release of the Belarusian state bonds in the Russian rubles to be even more successful than the previous one. Sberbank is also ready to take part in the construction of future nuclear plant, reports the Belarusian service of Radio «Liberty

The head of Sberbank of Russia noted that the business of financial institutions in Belarus is developing quite positively. «Last year we doubled the amount of our assets here, net income increased by almost 60%. And the beginning of this year suggests that lending in Belarus remain at a very high level,» said German Gref.

Head of Sberbank informed about quite fruitful meeting with Belarusian President Alexander Lukashenko. «We stated that we’d fully executed the agreements, reached on the acquisition of «Belpromstroibank.» The volume of our cooperation is growing much faster than expected with the most optimistic scenario. It covers almost the entire volume of the relationship — both in Russia and in Belarus,» said German Gref.

Head of Sberbank Meeting was also pleased with the meeting with Belarusian Prime Minister Mikhail Miasnikovich. He highlighted the «agenda, professionally composed» by the head of the Belarusian government «in a very difficult macroeconomic situation,» BelaPAN.

Gref also said that there were «no special obstacles» in doing business in Belarus, but noted that «the regime of exchange control could be more liberal.» «But we see that the flows of capital and goods across borders is increasing. And to maintenance of these flows is certainly the potential for the development of our business. I think that, generally, erasing economic boundaries is a very positive development for the economies of all three countries,» said the head of Sberbank of Russia.