Russian President Vladimir Putin held a meeting on credit and monetary policy on January 29. Putin reminded: «We are set next week to discuss privatisation and our plans in this area, including for this year. There is a view that some financial institutions should also be part of this privatisation process. The Central Bank is the main shareholder, the key shareholder, in our country’s biggest bank – Sberbank».
Russian President Vladimir Putin held a meeting on credit and monetary policy on January 29. Putin reminded: «We are set next week to discuss privatisation and our plans in this area, including for this year. There is a view that some financial institutions should also be part of this privatisation process. The Central Bank is the main shareholder, the key shareholder, in our country’s biggest bank – Sberbank».
He asked for the Central Bank Governor’s view on this issue, on the possible privatisation of a stake in Sberbank.
Governor of the Central Bank Elvira Nabiullina answered: «I think it is not yet the right time to consider privatising a stake in Sberbank, because public trust in this bank is in large part due to the fact that the state holds the controlling stake, the state is in control. Public opinion surveys, including recent surveys that asked various questions, show this too. They show that the state should hold on to its controlling stake in Sberbank for now».
Vladimir Putin agreed. «I think that we will not come back to this matter in the medium term. We will lay it aside in our discussions on the privatisation plan for 2016 and will not examine it. I agree with you on this», he added.
