Sberbank confirms plans to reach ROE of 23% in 2024

MOSCOW. Dec 6 (Interfax) - Sberbank has confirmed plans to reach 23% in return on equity in 2024, CEO Herman Gref said during the lending institution's investor day.

Gref said that Sberbank's ROE exceeded 25% in 9M.

"There is no doubt that we will achieve the target level of profitability of 23% this year," he said.

Sberbank forecasts ROE of over 23% in 2024, as previously reported.