China beckons

   Date:2008/01/28     Source:

OAO Sberbank, Russia's biggest lender, aims to expand into China and India and will begin talks on opening branches in the world's two most-populated countries this year, Chief Executive Officer German Gref said.

State-run Sberbank also wants to expand into Vietnam and through the former Soviet republics, Gref said. Moscow-based Sberbank's supervisory board will meet tomorrow to discuss this year's development program and management changes, Gref said.

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