Sberbank’s profit fell by 4.5 times: irrational spending of funds in German Gref’s response

Sberbank’s profit fell by 4.5 times: irrational spending of funds in German Gref’s response

Sberbank’s net profit for 2022 amounted to 270.5 billion rubles, which is 21.8% of last year’s result of 1.246 trillion rubles.

The head of the bank, German Gref, claims that the bank “implemented an anti-crisis plan” and introduced strict austerity measures – however, a loss-making golf club was recently found at a half-state-owned bank for negotiations without wiretapping by the FSB, a loss-making hotel in the Crimea and a helicopter for the authorities, and Gref earns on the state bank, receiving rent.