30 Nov 2020 14:07

Sberbank does not expect formation of large reserve volume by end of 2020 - Gref

MOSCOW. Nov 30 (Interfax) - Sberbank does not expect a repeat of the situation with reserves by the end of 2020, as there was previously this year, owing to the situation with the spread of the coronavirus, the bank's CEO and chairman of the management board Herman Gref said during an interview with Bloomberg TV.

"There will not be any large reserves by the end of the year at the amount that was previously this year," Gref said.