OREANDA-NEWS. December 24, 2012. Sberbank has held its annual Analyst Day with members of the Bank’s Management Board. For the first time the event was attended by CEO and Chairman of the Management Board Herman Gref.

The results of Sberbank’s Development Strategy, now in its fourth year, until 2014 were announced at the meeting. In addition, the development of the corporate and retail segments of the bank in 2012 was discussed.

The Management Board has announced the following outlook for the year 2013:

Net income of Sberbank – 370-390 RUB bn;

Corporate lending growth – ~13-15%;

Retail lending growth – ~19-25%;

Net interest margin – +/- 15-20 pp;

Cost growth – low 20%.

CEO and Chairman of the Board Herman Gref commented: “2012 saw a number of significant events take place in terms of the Bank’s development, particularly the successful secondary price offering and continued transformation of Sberbank into a major international corporation. In the current market conditions it is extremely important for us to maintain and develop the leading position of this financial organization and ensure it remains as open as possible to investors and analysts. Meetings such as this contribute significantly towards greater dialogue between Sberbank and the market, helping to further increase the investment attractiveness of our bank”.