Equities

Reuters reveals Russian officials in talks to transfer central bank's Sberbank stake

Reuters reveals Russian officials in talks to transfer central bank's Sberbank stake

Reuters exclusively reported that Russian officials are in talks to transfer the central bank’s stake in Sberbank, the country’s top lender, to another state entity, as unease grows about the central bank’s role as both owner and supervisor. Russia’s central bank directly owns 50% plus one share in Sberbank’s capital. It also became the owner of two other banks, Otkritie and Trust, after major bailouts of three private banking groups in 2017.