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Российский финансовый рынок 2008
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05/03/2008

Sberbank intends to engage in micro-finance small businesses

This was stated by the President March 4, the largest bank German Gref at a meeting with Vladimir Putin. Experts believe that the microcredit sector could become the "golden residential" for the Russian market, but doubt that it can be implemented by Savings Bank , without state support.

March 4, German Gref at a meeting with Vladimir Putin shared the plans for the development of small business lending. In particular, the head of the Savings Bank announced that it intends to absorb micro-credit sector, taking the example of Nobel laureate Muhammad Yunus of Bangladesh. To this end, in early April, Sberbank will hold a workshop with the founder of Grameen Bank. " We want to work with him to try to replicate the experience and taking into account the specifics of Russia to build something similar to the system ", - said the head of the Savings Bank. According to him, it is important for the economy as a whole, and the bank should "give a new breath" and opportunities to improve its profitability.

Source: RBC

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