Advertisement
Bloomberg TV

Sberbank’s Gref Says Profit Goal Possible in 2022

Nov.30 — Sberbank PJSC Chief Executive Officer Herman Gref says the lender’s target for earning 1 trillion rubles ($13.2 billion) in profit may not be reached until 2022. "It seems to us that by the middle or end of 2022 the economy will return in scale to the parameters of 2019," Gref said in an interview with Bloomberg’s Maria Kolesnikova. "After that, it will be possible to talk about restoring our profit targets."

Advertisement