Sberbank CEO German Gref’s Re-Election and Strategic Plans: Latest Updates and Ruble Exchange Rate Predictions

2023-11-07 10:52:00

Sberbank Chief Executive Officer German Gref announced his re-election to the position of head of the company. He also noted that Sberbank approved a new operating strategy for the next three years and the main provisions of the dividend policy.

“Today the president and chairman of the bank’s board of directors was re-elected for a four-year term,” Gref said at a press conference following a meeting of the supervisory board. His words are quoted by RIA Novosti. The head of Sberbank noted that a new three-year strategy and main provisions of the dividend policy had been approved.

Earlier, German Gref said that the fundamental exchange rate of the ruble should be 85-90 rubles per dollar, reports TV channel 360. According to him, the dollar exchange rate may stabilize following the decree of the President of the Russian Federation Vladimir Putin regarding foreign exchange earnings.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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