DGAP-News: Sberbank: German Gref held the plenary session of the Forum 'Russia 2012'

(firmenpresse) - EquityStory.RS, LLC-News: Sberbank / Key word(s): Miscellaneous
Sberbank: German Gref held the plenary session of the Forum 'Russia
2012'

07.02.2012 / 14:25

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German Gref held the plenary session of the Forum 'Russia 2012'

February 2, 2012, Moscow - President, Chairman of the Board of Sberbank of
Russia German Gref was a moderator of the key plenary session of the Forum
'Russia 2012' - 'Russian economic policy in the days of global changes.'

Chairman of the Government of the Russian Federation V.V. Putin
participated in work of the session. The session included speeches of
Professor of Princeton University, Nobel-prize Winner in Economics Paul
Krugman; Professor of Chicago University, President of the American Finance
Association Rajan Raghuram; chairman of the Milken Institute Michael
Milken.

Considering size of its economy and educational level of population Russia
has perfect chances to create an International financial center in Moscow,
- believes Rajan Raghuram. 'But I would like to point out to the fact that
financial sector is a result of economic growth, but not its source. So far
as diversification of Russian economy grows, the financial sector will
speed up. Domination of financial sector in the economy is undesirable,' -
added the speaker.

'Such meetings with investors encourage optimism, and more important -
confidence, - noted German Gref. - We ourselves are the main competitor for
us. I am sure that Russia has a gigantic potential, and if our country
employs its unique possibilities, it may become a world leader.'

The Forum 'Russia 2012' is organized by Sberbank of Russia and its
affiliate company 'Troyka Dialog'.

# # #

OJSC 'Sberbank of Russia
Public Relations 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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