Sberbank expects to beat its current return on equity (ROE) forecast for 2023 by over 22%. Sberbank President and Chairman of the Board of Directors German Gref stated this in his speech at the Eastern Economic Forum (EEF) in Vladivostok.
“We are currently seeing that our business is growing better than our last forecasts, which means we are on track to end the year better than our profitability forecasts,” the Sberbank president said.
The Eastern Economic Forum will take place in Vladivostok from September 10 to 13. The event was held on the territory of the Far Eastern Federal University located on Russky Island in Vladivostok. For the safety of EEF participants, hunting is prohibited in Primorye.
The Eastern Economic Forum is an important international platform for establishing and strengthening ties between the Russian and global investment communities, conducting a comprehensive expert assessment of the economic potential of the Russian Far East, presenting investment opportunities and business conditions in priority development areas.
Previously Gref saidHow much Sber earned in the last eight months according to RAS.