Sberbank aims to surpass its 2023 ROE target by more than 22 percent, a commitment announced by President and Chairman of the Board German Gref during the Eastern Economic Forum (EEF) held in Vladivostok. He noted that the bank is currently experiencing faster growth than projected, suggesting the year could close with profitability that exceeds earlier forecasts.
Gref spoke at a gathering that gathers global investors and economic policymakers to discuss opportunities and risks in the region. The EEF has become a pivotal international platform for evaluating the economic potential of Russia’s Far East, facilitating dialogue between Russian and international business communities, and outlining investment avenues in key development zones.
Vladivostok hosted the EEF from September 10 through 13, with events taking place at the Far Eastern Federal University on Russky Island. The forum serves as a venue to showcase investment conditions, highlight priority development areas, and foster cooperation across sectors ranging from infrastructure to energy and technology. Safety measures for participants included environmental and regulatory considerations important to the region’s stakeholders.
Observers note that the EEF functions not only as a forum for announcing financial targets but also as a barometer of confidence in the Far East’s growth trajectory. The conference brings together leading voices from finance, industry, and government to scrutinize macroeconomic trends, potential partnerships, and the regulatory environment shaping the region’s investment climate. In this context, Sberbank’s improved profitability outlook adds to the narrative of a bank actively adapting to evolving market dynamics and capitalizing on a growing regional footprint.
Earlier remarks from Gref highlighted not only the bank’s current earnings trajectory but also the broader performance of Sberbank in the domestic market. Market watchers have been tracking the bank’s results across the first eight months of the year, including performance metrics reported under Russian accounting standards, which provide insight into the institution’s profitability and risk management framework during a dynamic period for the bank and the sector at large.