BELARUS NEWS AND ANALYSIS
DATE:
10/03/2011
Russia's Sberbank not looking to buy W.European banks
MINSK, March 10 (Reuters) - Sberbank (SBER03.MM) is not planning to buy any banks in Western Europe, the chief executive of Russia's biggest lender said on Thursday.
"As for Western Europe, we currently do not see the acquisition of any banks as one of our aims," Gref told reporters on a visit to Belarus.
Austrian media had reported that Sberbank could be eyeing a steak in Oesterreichische Volksbanken (OTVVp.VI).
Gref also reiterated that Sberbank was looking to post a net profit of around 250 billion roubles this year, and was still interested in acquiring Russian investment bank Troika. (Reporting by Andrey Makhovsky; Writing by Toni Vorobyova; Editing by Andrey Ostroukh)
Source:
http://www.reuters.com/article/2011/03/10/sberbank-idUSLDE72927D20110310
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