DGAP-News Sberbank: Sberbank believes that market is favorable for placement of eurobonds

EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous
Sberbank: Sberbank believes that market is favorable for placement of
eurobonds

26.01.2012 / 09:41

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Sberbank believes that market is favorable for placement of eurobonds

January 25, 2012, Davos (Switzerland) - Sberbank thinks that current
situation on international markets is favorable for placement of eurobonds.
That was told by the Presidents, Chairman of the Board of Sberbank of
Russia German Gref behind the scenes of the World Economic Forum. Head of
Sberbank also spoke about intention of the bank to gradually raise interest
rates on loans to individuals.

German Gref believes that current exchange rates are optimal for the
Russian economy: ´Strengthening of ruble in the present situation would
negatively affect export oriented enterprises. I think that in the near
future, subject to decisions in Europe, we will observe primarily
fluctuations around the figures we can see today.´

Commenting on the situation in Eurozone German Gref passed an opinion that
withdrawal of Greece from eurozone would be the optimal decision both for
Greece itself, and for the European Union. ´It the case when horrible end
is better than endless horror, ´ - he stressed. ´Probably we should speak
not only about Greece, but also about other peripheral countries with
non-competitive economies, ´ - added the head of Sberbank.

Currently German Gref participates in the meeting of the International
Business Council (IBC), working within the Forum. The first day of the WEF
will end up with official reception of Sberbank - ´Sberbank Night.´

# # #

Open Joint Stock Company Sberbank of Russia
Public Relationships Administration
tel. +7(495) 957 5721
media@sberbank.ru

End of Corporate News

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Language:    English                                   
Company:     Sberbank                                  
             19 Vavilova St.                           
             117997 Moscow                             
             Russia                                    
Phone:       +7-495-957-57-21                          
E-mail:      media@sberbank.ru                         
Internet:    www.sberbank.ru                           
ISIN:        US80585Y3080, RU0009029540, RU0009029557  
Listed:      Foreign Exchange(s) MICEX, RTS            

End of News    EquityStory.RS, LLC News-Service  

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154040 26.01.2012                                                      

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