OREANDA-NEWS. May 18, 2009. Sberbank so far has no plans to raise a subordinated loan, Sberbank CEO and board chairman German Gref said at a briefing Friday. “For the time being, the lending institution needs no additional funds. By and large, if events unfold as planned, no cash injections will be needed this year,” he said. The lending institution’s chief executive noted that currently Sberbank needs neither additional capital nor liquidity.

“We’ll see what the market environment is like this fall. If everything goes as planned, this year Sberbank will need no additional liquidity whatsoever,” Gref said. “Sberbank is not going to apply in the near future to the Central Bank of Russia or the government for any requests. I imagine that Sberbank will manage to carry on business with the resources available from the economy until at least 2010,” the lender’s CEO emphasized. He also pointed out that government funding currently accounts for 8% (this is a subordinated loan only) of the bank’s liabilities.