Sberbank ready for more projects in Belarus

Sberbank of Russia is ready to implement another set of big projects in Belarus, Chairman of the Board of Sberbank of Russia German Gref told reporters on 10 of March.

“We see the potential for further cooperation. We are considering a set of big projects in credit extension and investment activities of major Belarusian companies, as well as in the construction industry and commercial property,” German Gref said. 

He noted though that Sberbank has no plans for the horizontal expansion on the Belarusian market. “We are happy about our acquisition of BPS-Bank: the quality of loan portfolio in Belarus is the highest of all the other countries where we operate. Last year BPS-Bank doubled its assets,” German Gref said. 

“Today the limits through BPS-Bank exceed $700 million. The aggregate amount of open and utilized limit for Belarus stands at about $2.8 billion. It is considerably higher than we expected,” he said. 

At the same time, Sberbank has plans to expand its presence on the Belarusian market. German Gref informed that at the meeting with the President of Belarus he discussed the expansion of Sberbank operations in Belarus, including the investment activity and privatization.

According to