Vladimir Putin, Russian President, signed the law "On amendments to the Article 1 of the Federal law concerning the transfer of some part of the income raised by the Central Bank of RF due to the sale of the Sberbank ‘s ordinary shares", as it was informed on the Kremlin’s site Nov. 23.
The law specifies the amount of income received by the Bank of Russia due to this sale and required for transfer to the Federal budget.
Sberbank of Russia (INN 7707083893) is the largest Bank in Russia, Central and Eastern Europe. The Bank is the main lender of the Russian economy and holds the largest share in the deposit market. The authorized capital of Sberbank is equal to 67.76 billion rubles split in 21586948 thousand ordinary shares and one billion preferred shares of 3 rubles par. The major holder is the government having 52.32% in Sberbank through the Ministry of Finance.
