OREANDA-NEWS. September 20, 2012. The Supervisory Board of Sberbank held its meeting. The meeting reviewed and took note of the following issues, reported the press-centre of Sberbank:

Results of Sberbank of Russia in H1 2012 and financial results for 8 months of 2012.

Information on the results of audits conducted by the Internal Control Department in H1 2012.

Implementation of the Strategy and Development Program of Sberbank of Russia OJSC for the period until January 1, 2014, and characteristics of Bank's activities amid growing macroeconomic instability in Russia and the world.

Report on completed integration of Troika Dialog (Sberbank Investment Banking) subsidiary and implementation of strategic goals in investment and banking business in H1 2012.

Condition and prospects of the marketing business area in Sberbank of Russia OJSC.

At a briefing following the meeting, Herman Gref, CEO and Chairman of the Board of Sberbank, answered the questions from reporters.

"We discussed the policy of Sberbank until the end of the year aimed at preserving to the maximum extent our presence in the markets while providing the acceptable terms for our borrowers and maintaining all our key elements of balanced growth", said Herman Gref. 

"We presented our report to the Supervisory Board and received approval with regard to the period for developing the new strategy of Sberbank in 2014-2018. We already prepared the concept of this new strategy. By December 20, 2012, we will finish preparing the strategy and then we will submit it for discussion in the Committee on Strategy of the Supervisory Board. After that, we will discuss it within the bank's team. By September 30, 2013, the new strategy must be submitted for approval to the Supervisory Board", said Herman Gref.