17 Dec 2012 09:38

Sberbank hopes Ignatyev will stay on board if he leaves Central Bank

MOSCOW. Dec 17 (Interfax) - After his term expires as head of the Central Bank of Russia, Sergei Ignatyev could stay on the Sberbank Russia Supervisory Board as an independent director, Sberbank President and CEO says.

"If he leaves his post and if he wants to be an independent director in the Supervisory Board, I think that would be a good thing. It is still too early to discuss this, but Sergei Mikhailovich, with his enormous experience, his understanding of macroeconomics and the banking sector - I think, such an independent director would be an honor for any company, for any bank in any case. This is one of the most respected and reputable experts," Gref told the press Friday after a Sberbank Supervisory Board meeting.

Gref said it all depends on what Ignatyev wants.

Ignatyev, who is currently the CEO of the Central Bank of Russia, is chairman of the Sberbank Supervisory Board. His term as CEO of the Central Bank expires in 2013 and he is expected to leave that post.

The Central Bank of Russia owns 50% plus one share of Sberbank capital (52.32% of voting shares).