Wednesday 3 April 2019

INTERVIEW- Russia's largest bank in talks with top GCC funds and banks- deputy chairman | ZAWYA MENA Edition

INTERVIEW- Russia's largest bank in talks with top GCC funds and banks- deputy chairman | ZAWYA MENA Edition:

Russia’s largest bank, Sberbank, which holds nearly one-third of aggregate Russian banking assets, is looking into new opportunities in the Gulf region as it expands its shariah-compliant offerings, the bank’s first deputy chairman said.

“We are in talks with biggest banks here in the region and the largest funds and we see a lot of interest in Russian companies. We also have our interest in doing business here in payments and other business opportunities,” Alexander Vedyakhin told Zawya in a recent interview in Abu Dhabi.

The Central Bank of the Russian Federation is the founder and majority shareholder of Sberbank, owning just over 50 percent of its capital. International and domestic investors hold the remainder.

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