Source Pravda.Ru

Sberbank interested in activities on stock market

Sberbank is commercially interested in purchasing shares in Russia's largest issuers, Sberbank President Andrey Kazmin told journalists today. He noted that the current situation on the stock market was favorable.

Responding to the question concerning information that Sberbank had bought a 2-percent block of shares in RAO UES, Kazmin confirmed this purchase, however he did not specify the exact amount of purchased securities. The Sberbank President also specified that the share of Sberbank's investments in corporate securities was only 1 percent of its assets. He also pointed out that the bank received its major incomes from crediting and purchasing state securities, which was 10 percent of Sberbank's revenues.

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