OREANDA-NEWS. October 22, 2010. Bank of Russia has agreed in principle to the Sberbank stock option program, the bank president and board chairman, German Gref said October 21. “Neither the finance ministry nor CBR have objections to it”, he said. Gref added that Sberbank had to make some last-minute arrangements to get on to the program implementation.

“Nobody is currently against the program. We will call a meeting to discuss the issue. If passed, the initiative should be brought in before the supervisory board”, Gref said. In addition, he recalled that Sberbank had previously agreed on the Program general principles with VTB.